Perfect Corp. (NYSE:PERF) Short Interest Up 680.2% in July

Perfect Corp. (NYSE:PERF) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 110,912 shares, an increase of 680.2% from the July 15th total of 14,215 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 322,946 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PERF shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Perfect in a research report on Friday, July 17th. Noble Financial lowered Perfect from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Perfect presently has a consensus rating of “Reduce”.

Perfect Stock Up 0.8%

NYSE PERF traded up $0.01 during midday trading on Thursday, hitting $1.88. The company had a trading volume of 46,636 shares, compared to its average volume of 206,895. The firm has a fifty day simple moving average of $1.79 and a two-hundred day simple moving average of $1.67. Perfect has a fifty-two week low of $1.24 and a fifty-two week high of $2.16. The stock has a market cap of $190.97 million, a price-to-earnings ratio of 31.26, a P/E/G ratio of 1.28 and a beta of 0.28.

Perfect (NYSE:PERF) last issued its earnings results on Monday, July 27th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Perfect had a return on equity of 3.73% and a net margin of 8.13%.The business had revenue of $16.34 million during the quarter. As a group, equities analysts predict that Perfect will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Perfect

A number of large investors have recently bought and sold shares of PERF. BNP Paribas Financial Markets acquired a new position in Perfect during the 2nd quarter worth about $30,000. Dimensional Fund Advisors LP raised its stake 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 worth $76,000 after acquiring an additional 15,754 shares during the last quarter. Credit Industriel ET Commercial acquired a new position in shares of Perfect during the first quarter worth approximately $338,000. Groupe la Francaise acquired a new position in shares of Perfect during the first quarter worth approximately $507,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Perfect by 13.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,938,529 shares of the company’s stock valued at $7,129,000 after purchasing an additional 464,702 shares during the last quarter.

Perfect Company Profile

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.