Perfect Corp. (NYSE:PERF) Short Interest Up 82.9% in June

Perfect Corp. (NYSE:PERF) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 133,538 shares, an increase 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 currently 2.5 days. Currently, 0.2% of the company’s shares are short sold.

Perfect Stock Up 0.3%

Shares of PERF opened at $1.93 on Friday. Perfect has a fifty-two week low of $1.24 and a fifty-two week high of $2.67. The firm’s 50 day moving average price is $1.71 and its 200 day moving average price is $1.64. The company has a market cap of $196.06 million, a P/E ratio of 38.51, a PEG ratio of 1.83 and a beta of 0.30.

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

Institutional Trading of Perfect

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new position in Perfect in the second quarter valued at $30,000. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 15,754 shares during the period. Credit Industriel ET Commercial purchased a new stake in Perfect during the 1st quarter worth about $338,000. Groupe la Francaise acquired a new stake in Perfect in the 1st quarter valued at about $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 valued at $7,129,000 after purchasing an additional 464,702 shares in the last quarter.

Wall Street Analyst Weigh In

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

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.