Perfect Corp. (NYSE:PERF) Short Interest Up 105.3% in August

Perfect Corp. (NYSE:PERF) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 227,653 shares, an increase of 105.3% from the July 30th total of 110,912 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 429,622 shares, the short-interest ratio is presently 0.5 days.

Perfect Trading Up 0.5%

PERF stock traded up $0.01 during trading on Friday, hitting $1.89. 20,200 shares of the stock traded hands, compared to its average volume of 258,381. The stock has a market cap of $192.50 million, a price-to-earnings ratio of 31.50, a P/E/G ratio of 1.29 and a beta of 0.28. Perfect has a one year low of $1.24 and a one year high of $2.15. The company has a 50 day simple moving average of $1.84 and a 200 day simple moving average of $1.69.

Perfect (NYSE:PERF) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $16.34 million during the quarter. Perfect had a net margin of 8.13% and a return on equity of 3.73%. As a group, analysts predict that Perfect will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Perfect in a report on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Institutional Trading of Perfect

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

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.