Perfect Corp. (NYSE:PERF) Short Interest Down 89.4% in July

Perfect Corp. (NYSE:PERF) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 14,215 shares, a decrease of 89.4% from the June 30th total of 133,538 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 591,774 shares, the days-to-cover ratio is presently 0.0 days.

Perfect Trading Down 0.3%

Shares of NYSE PERF traded down $0.01 during mid-day trading on Friday, hitting $1.93. The company had a trading volume of 178,136 shares, compared to its average volume of 418,262. Perfect has a 1 year low of $1.24 and a 1 year high of $2.56. The company has a market capitalization of $196.06 million, a price-to-earnings ratio of 38.60, a P/E/G ratio of 1.84 and a beta of 0.30. The stock’s 50-day moving average price is $1.74 and its 200-day moving average price is $1.65.

Perfect (NYSE:PERF) last issued its quarterly earnings data 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 return on equity of 3.02% and a net margin of 6.62%.The business had revenue of $17.94 million for the quarter. As a group, equities research analysts forecast that Perfect will post 0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PERF. Weiss Ratings reiterated a “sell (d)” rating on shares of Perfect in a research note on Friday, July 17th. Noble Financial cut shares of Perfect from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 29th. Finally, Freedom Capital downgraded shares of Perfect from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Institutional Investors Weigh In On Perfect

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in Perfect during the second quarter valued at approximately $30,000. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 15,754 shares in the last quarter. Credit Industriel ET Commercial purchased a new stake in Perfect in the 1st quarter worth approximately $338,000. Groupe la Francaise purchased a new stake in Perfect in the 1st quarter worth approximately $507,000. Finally, Goldman Sachs Group Inc. boosted its holdings 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 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.