Short Interest in Perfect Corp. (NYSE:PERF) Declines By 89.4%

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on PERF shares. Weiss Ratings reissued a “sell (d)” rating on shares of Perfect in a research note on Friday, July 17th. Noble Financial lowered shares of Perfect from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 29th. Finally, Freedom Capital cut shares of Perfect from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Perfect has a consensus rating of “Reduce”.

Perfect Stock Performance

Shares of PERF traded down $0.01 during trading hours on Friday, reaching $1.93. The stock had a trading volume of 178,136 shares, compared to its average volume of 186,957. Perfect has a 12 month low of $1.24 and a 12 month high of $2.56. The stock has a market capitalization of $196.06 million, a PE ratio of 38.51, a PEG ratio of 1.83 and a beta of 0.30. The company’s 50-day moving average is $1.74 and its two-hundred day moving average is $1.65.

Perfect (NYSE:PERF) last issued its quarterly earnings data 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. 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. Equities analysts anticipate that Perfect will post 0.06 earnings per share for the current fiscal year.

Institutional Trading of Perfect

Several hedge funds and other institutional investors have recently made changes to their positions in PERF. Goldman Sachs Group Inc. increased its stake in shares of Perfect by 13.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,938,529 shares of the company’s stock valued at $7,129,000 after buying an additional 464,702 shares during the period. Groupe la Francaise bought a new position in Perfect in the 1st quarter valued at approximately $507,000. Credit Industriel ET Commercial acquired a new stake in Perfect during the 1st quarter worth approximately $338,000. Dimensional Fund Advisors LP boosted 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 buying an additional 15,754 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings 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 acquiring an additional 21,495 shares during the last quarter.

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.