Perfect Corp. (NYSE:PERF) Sees Significant Drop in Short Interest

Perfect Corp. (NYSE:PERF) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 13,100 shares, a drop of 84.6% from the April 30th total of 84,865 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 91,420 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Perfect

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased 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 worth $7,129,000 after buying an additional 464,702 shares during the period. Groupe la Francaise acquired a new stake in Perfect during the first quarter worth approximately $507,000. BNP Paribas Financial Markets grew its holdings in shares of Perfect by 164.1% during the third 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 last quarter. Dimensional Fund Advisors LP increased its position in shares of Perfect by 63.7% during the third 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 in the last quarter. Finally, Credit Industriel ET Commercial acquired a new stake in shares of Perfect in the first quarter valued at approximately $338,000.

Perfect Stock Up 0.6%

NYSE:PERF traded up $0.01 on Thursday, reaching $1.69. The company’s stock had a trading volume of 13,169 shares, compared to its average volume of 159,285. Perfect has a 12-month low of $1.24 and a 12-month high of $2.67. The stock has a 50 day moving average price of $1.67 and a 200 day moving average price of $1.66. The firm has a market cap of $172.13 million, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 1.60 and a beta of 0.28.

Perfect (NYSE:PERF) last released its quarterly 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 during the quarter. Perfect had a return on equity of 3.02% and a net margin of 6.62%. Equities research analysts expect that Perfect will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PERF has been the subject of a number of analyst reports. Noble Financial cut Perfect from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 29th. Freedom Capital lowered Perfect from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings reissued 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 stock. According to data from MarketBeat, the company 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.