Short Interest in Perfect Corp. (NYSE:PERF) Decreases By 46.2%

Perfect Corp. (NYSE:PERF) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 7,052 shares, a drop of 46.2% from the May 14th total of 13,100 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 82,796 shares, the days-to-cover ratio is currently 0.1 days.

Perfect Price Performance

NYSE PERF remained flat at $1.70 during trading hours on Friday. The company had a trading volume of 31,308 shares, compared to its average volume of 80,761. The stock has a market capitalization of $173.14 million, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 1.60 and a beta of 0.30. Perfect has a 12 month low of $1.24 and a 12 month high of $2.67. The firm has a fifty day moving average price of $1.68 and a 200-day moving average price of $1.65.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PERF. Freedom Capital downgraded Perfect from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Noble Financial downgraded Perfect from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Perfect in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Perfect

Several institutional investors have recently added to or reduced their stakes in PERF. Groupe la Francaise acquired a new position in Perfect during the 1st quarter worth approximately $507,000. Credit Industriel ET Commercial acquired a new position in Perfect during the 1st quarter worth approximately $338,000. Goldman Sachs Group Inc. increased its position in Perfect by 13.4% during 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 period. BNP Paribas Financial Markets increased its position in Perfect by 164.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,595 shares of the company’s stock worth $65,000 after purchasing an additional 21,495 shares during the period. Finally, Dimensional Fund Advisors LP increased its position 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.

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.