Short Interest in Perfect Corp. (NYSE:PERF) Decreases By 17.4%

Perfect Corp. (NYSE:PERF) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 158,303 shares, a decrease of 17.4% from the March 31st total of 191,627 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 126,761 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PERF. BNP Paribas Financial Markets bought a new position in shares of Perfect in the 2nd quarter valued at about $30,000. GSA Capital Partners LLP lifted its holdings in shares of Perfect by 222.8% in the 3rd quarter. GSA Capital Partners LLP now owns 62,315 shares of the company’s stock worth $117,000 after acquiring an additional 43,013 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Perfect by 63.7% in the 3rd 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. Goldman Sachs Group Inc. lifted its holdings in shares of 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 acquiring an additional 464,702 shares during the last quarter. Finally, Credit Industriel ET Commercial bought a new stake in shares of Perfect in the 1st quarter worth about $338,000.

Perfect Stock Performance

PERF stock traded down $0.02 during trading on Thursday, hitting $1.68. 36,826 shares of the company’s stock traded hands, compared to its average volume of 178,124. The business has a fifty day simple moving average of $1.57 and a 200 day simple moving average of $1.69. Perfect has a 52 week low of $1.24 and a 52 week high of $2.67. The stock has a market capitalization of $170.90 million, a price-to-earnings ratio of 33.57, a P/E/G ratio of 1.95 and a beta of 0.31.

Perfect (NYSE:PERF) last announced its earnings results on Tuesday, April 28th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Perfect had a net margin of 6.71% and a return on equity of 2.42%. The firm had revenue of $17.94 million for the quarter. Research analysts forecast that Perfect will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Perfect in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Perfect from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Freedom Capital lowered shares of Perfect from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Noble Financial lowered shares of Perfect from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Perfect presently has a consensus rating of “Reduce”.

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.