Perfect Corp. (NYSE:PERF) Sees Large Growth in Short Interest
by Mitch Edgeman · The Markets DailyPerfect Corp. (NYSE:PERF – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 73,016 shares, an increase of 935.4% from the May 31st total of 7,052 shares. Based on an average daily volume of 86,014 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s shares are sold short.
Perfect Price Performance
NYSE PERF traded up $0.01 during mid-day trading on Friday, hitting $1.67. The company’s stock had a trading volume of 23,955 shares, compared to its average volume of 78,595. The firm has a market capitalization of $169.58 million, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 1.58 and a beta of 0.30. Perfect has a 52-week low of $1.24 and a 52-week high of $2.67. The stock’s fifty day simple moving average is $1.69 and its two-hundred day simple moving average is $1.64.
Perfect (NYSE:PERF – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Perfect had a net margin of 6.62% and a return on equity of 3.02%. The company had revenue of $17.94 million during the quarter. On average, equities analysts forecast that Perfect will post 0.06 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on PERF shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Perfect in a report on Tuesday, April 21st. Noble Financial lowered Perfect from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 29th. Finally, Freedom Capital cut Perfect from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.
Get Our Latest Stock Analysis on Perfect
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new stake in shares of Perfect in the second quarter worth about $30,000. Dimensional Fund Advisors LP raised its holdings in shares of Perfect by 63.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 40,477 shares of the company’s stock valued at $76,000 after buying an additional 15,754 shares during the period. GSA Capital Partners LLP lifted its position in Perfect by 222.8% during the 3rd quarter. GSA Capital Partners LLP now owns 62,315 shares of the company’s stock worth $117,000 after acquiring an additional 43,013 shares in the last quarter. Credit Industriel ET Commercial purchased a new position in Perfect in the 1st quarter worth approximately $338,000. Finally, Groupe la Francaise purchased a new position in Perfect in the 1st quarter worth approximately $507,000.
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.