Perfect Corp. (NYSE:PERF) Short Interest Up 266.9% in October

Perfect Corp. (NYSE:PERF) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 53,200 shares, a growth of 266.9% from the September 30th total of 14,500 shares. Based on an average daily volume of 176,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 176,200 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Perfect

A hedge fund recently bought a new stake in Perfect stock. Heron Bay Capital Management acquired a new stake in shares of Perfect Corp. (NYSE:PERF) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,765 shares of the company’s stock, valued at approximately $27,000.

Perfect Stock Performance

Shares of NYSE PERF opened at $2.04 on Wednesday. Perfect has a 1-year low of $1.51 and a 1-year high of $3.44. The company has a market capitalization of $173.52 million, a P/E ratio of 34.01, a PEG ratio of 4.62 and a beta of 0.45. The business has a 50-day moving average of $1.96.

Perfect (NYSE:PERF) last announced its earnings results on Tuesday, October 28th. The company reported $0.02 earnings per share for the quarter. Perfect had a net margin of 9.52% and a return on equity of 4.36%. Perfect has set its FY 2025 guidance at EPS.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PERF. Wall Street Zen lowered shares of Perfect from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Perfect in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Perfect

Perfect Corp. is a software as a service technology company, which engages in the business of developing makeup virtual try-on solutions. Its solutions include virtual try-ons for makeup, nail art, hairstyles, beard dye and styling, eyewear, jewelry, advanced skin diagnostic technology, foundation shade finder, and interactive artificial reality makeup application tutorial platform.