Perfect Corp. (NYSE:PERF) Short Interest Update

Perfect Corp. (NYSE:PERF) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 133,538 shares, a growth of 82.9% from the June 15th total of 73,016 shares. Based on an average daily trading volume, of 53,118 shares, the short-interest ratio is presently 2.5 days. Approximately 0.2% of the shares of the stock are short sold.

Perfect Stock Performance

Shares of PERF opened at $1.92 on Friday. Perfect has a fifty-two week low of $1.24 and a fifty-two week high of $2.67. The firm has a market cap of $195.55 million, a price-to-earnings ratio of 38.41, a PEG ratio of 1.83 and a beta of 0.30. The firm has a 50 day moving average price of $1.72 and a 200-day moving average price of $1.64.

Perfect (NYSE:PERF) last released its earnings results on Tuesday, April 28th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $17.94 million for the quarter. Perfect had a net margin of 6.62% and a return on equity of 3.02%. As a group, equities research analysts predict that Perfect will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PERF has been the subject of several recent analyst reports. Freedom Capital cut Perfect from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Noble Financial cut shares of Perfect from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Perfect in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Perfect

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in shares of Perfect in the 2nd quarter valued at about $30,000. Dimensional Fund Advisors LP grew its position in Perfect by 63.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 40,477 shares of the company’s stock worth $76,000 after acquiring an additional 15,754 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Perfect by 13.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,938,529 shares of the company’s stock worth $7,129,000 after acquiring an additional 464,702 shares during the last quarter. Credit Industriel ET Commercial purchased a new position in Perfect in the 1st quarter worth approximately $338,000. Finally, Groupe la Francaise purchased a new position in Perfect in the 1st quarter worth approximately $507,000.

About Perfect

Perfect Corp (NYSE: PERF) is a technology company specializing in beauty and personal care solutions. The company develops AI- and AR-driven platforms that enable virtual product try-on, personalized skincare analysis and digital marketing tools for cosmetics brands and retailers. Its software as a service (SaaS) offerings allow users to preview makeup and skincare products in real time, drive customer engagement across e-commerce and social media channels, and collect data-driven insights into consumer preferences.

The core products include virtual try-on applications, skin diagnostic tools and AI-powered recommendation engines.