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

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

Analyst Ratings Changes

Several research analysts have recently weighed in on PERF shares. Freedom Capital downgraded Perfect from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Noble Financial cut Perfect from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Perfect in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Perfect Price Performance

Shares of 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 business’s 50-day moving average is $1.68 and its 200-day moving average is $1.65. Perfect has a 52 week low of $1.24 and a 52 week high of $2.67. The stock has a market cap of $173.14 million, a P/E ratio of 34.01, a P/E/G ratio of 1.60 and a beta of 0.30.

Perfect (NYSE:PERF) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Perfect had a return on equity of 3.02% and a net margin of 6.62%.The company had revenue of $17.94 million for the quarter. Analysts predict that Perfect will post 0.06 earnings per share for the current year.

Hedge Funds Weigh In On Perfect

Hedge funds have recently made changes to their positions in the business. Groupe la Francaise purchased a new stake in shares of Perfect in the first quarter worth about $507,000. Credit Industriel ET Commercial purchased a new stake in Perfect during the first quarter valued at approximately $338,000. Goldman Sachs Group Inc. raised its position in Perfect by 13.4% during the fourth 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. BNP Paribas Financial Markets raised its position in Perfect by 164.1% during the third quarter. BNP Paribas Financial Markets now owns 34,595 shares of the company’s stock valued at $65,000 after purchasing an additional 21,495 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Perfect by 63.7% during the third quarter. Dimensional Fund Advisors LP now owns 40,477 shares of the company’s stock valued at $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.