Perfect Corp. (NYSE:PERF) Short Interest Up 105.3% in August

Key Points

• Short interest more than doubled to 227,653 shares as of August 14, up 105.3% from July 30. Despite the increase, only about 0.2% of Perfect’s shares are short, representing 0.5 days of average trading volume.
• Analyst sentiment remains cautious: two analysts rate Perfect a Hold and one rates it Sell, resulting in an overall “Reduce” consensus rating.
• Perfect reported quarterly revenue of $16.34 million and earnings of $0.01 per share, matching analyst expectations. The stock opened at $1.89, compared with a 52-week range of $1.24 to $2.15.

Perfect Corp. (NYSE:PERF - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 227,653 shares, an increase of 105.3% from the July 30th total of 110,912 shares. Based on an average daily trading volume, of 429,622 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Perfect

A number of large investors have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in shares of Perfect in the second quarter worth approximately $30,000. Dimensional Fund Advisors LP lifted 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 last quarter. Credit Industriel ET Commercial bought a new stake in Perfect during the first quarter valued at approximately $338,000. Groupe la Francaise purchased a new position in Perfect in the 1st quarter worth approximately $507,000. Finally, Goldman Sachs Group Inc. grew its stake in Perfect by 13.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,938,529 shares of the company's stock worth $7,129,000 after buying an additional 464,702 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Perfect in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Reduce".

Perfect Price Performance

PERF opened at $1.89 on Friday. The firm has a market capitalization of $192.50 million, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 1.29 and a beta of 0.28. Perfect has a one year low of $1.24 and a one year high of $2.15. The company has a fifty day moving average price of $1.84 and a 200-day moving average price of $1.69.

Perfect (NYSE:PERF - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. Perfect had a return on equity of 3.73% and a net margin of 8.13%.The company had revenue of $16.34 million for the quarter. On average, analysts expect that Perfect will post 0.08 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source