Short Interest in Perfect Corp. (NYSE:PERF) Declines By 29.8%

Perfect Corp. (NYSE:PERF) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 91,801 shares, a decrease of 29.8% from the February 12th total of 130,684 shares. Based on an average trading volume of 103,143 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 103,143 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Perfect

Hedge funds and other institutional investors have recently bought and sold shares of the company. Heron Bay Capital Management bought a new stake in Perfect during the second quarter valued at $27,000. BNP Paribas Financial Markets acquired a new position in shares of Perfect in the 2nd quarter valued at about $30,000. GSA Capital Partners LLP boosted its position in shares of Perfect by 222.8% during the 3rd quarter. GSA Capital Partners LLP now owns 62,315 shares of the company’s stock valued at $117,000 after purchasing an additional 43,013 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Perfect by 63.7% during the 3rd 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 in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Perfect by 13.4% during the fourth 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 period.

Perfect Stock Performance

PERF stock traded up $0.02 during trading on Monday, hitting $1.38. The company had a trading volume of 19,290 shares, compared to its average volume of 99,406. The business has a 50-day moving average of $1.55 and a 200-day moving average of $1.76. Perfect has a one year low of $1.24 and a one year high of $2.67.

Perfect (NYSE:PERF) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $18.13 million during the quarter. Perfect had a net margin of 6.71% and a return on equity of 2.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PERF. Weiss Ratings reiterated a “sell (d)” rating on shares of Perfect in a report on Thursday, January 22nd. Wall Street Zen downgraded Perfect from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.