Perfect Corp. (NYSE:PERF) Sees Significant Decrease in Short Interest

Perfect Corp. (NYSE:PERF) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 7,052 shares, a drop of 46.2% from the May 14th total of 13,100 shares. Based on an average daily volume of 82,796 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Perfect Trading Up 0.6%

PERF stock traded up $0.01 during mid-day trading on Tuesday, hitting $1.67. 74,586 shares of the company were exchanged, compared to its average volume of 152,634. The business has a 50 day simple moving average of $1.68 and a 200-day simple moving average of $1.65. The stock has a market capitalization of $170.09 million, a PE ratio of 33.41, a price-to-earnings-growth ratio of 1.60 and a beta of 0.30. Perfect has a 1-year low of $1.24 and a 1-year high of $2.67.

Perfect (NYSE:PERF) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $17.94 million during the quarter. Perfect had a net margin of 6.62% and a return on equity of 3.02%. Equities research analysts expect that Perfect will post 0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PERF. Freedom Capital downgraded shares of Perfect from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Perfect in a research note on Tuesday, April 21st. Finally, Noble Financial downgraded shares of Perfect from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Perfect

Several hedge funds have recently bought and sold shares of PERF. Goldman Sachs Group Inc. raised its position in shares of Perfect by 13.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,938,529 shares of the company’s stock valued at $7,129,000 after buying an additional 464,702 shares in the last quarter. Groupe la Francaise acquired a new stake in shares of Perfect in the first quarter valued at approximately $507,000. BNP Paribas Financial Markets raised its position in shares of Perfect by 164.1% in the third quarter. BNP Paribas Financial Markets now owns 34,595 shares of the company’s stock valued at $65,000 after buying an additional 21,495 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Perfect by 63.7% in the third quarter. Dimensional Fund Advisors LP now owns 40,477 shares of the company’s stock valued at $76,000 after buying an additional 15,754 shares in the last quarter. Finally, Credit Industriel ET Commercial acquired a new stake in shares of Perfect in the first quarter valued at approximately $338,000.

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.