Perfect Corp. (NYSE:PERF) Sees Significant Increase in Short Interest

Key Points

• Perfect Corp. experienced a 213.8% increase in short interest in March, rising to 191,627 shares (about 0.3% of shares sold short) and a short-interest ratio of 0.3 days based on average volume.
• Analyst sentiment has weakened: Freedom Capital and Wall Street Zen downgraded the stock to "Hold" while Weiss Ratings reaffirmed a "Sell," leaving MarketBeat's average rating at "Reduce".
• The stock traded at $1.63 with a market cap of about $166 million, recently reported $0.01 EPS on $18.13 million in revenue, and saw institutional activity including a notable stake increase by Goldman Sachs.

Perfect Corp. (NYSE:PERF - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 191,627 shares, an increase of 213.8% from the March 15th total of 61,060 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 655,727 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Several analysts have commented on the company. Freedom Capital downgraded Perfect from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Wall Street Zen downgraded Perfect from a "buy" rating to a "hold" rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Perfect in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Perfect presently has an average rating of "Reduce".

Perfect Price Performance

NYSE:PERF remained flat at $1.63 during mid-day trading on Friday. 117,886 shares of the company were exchanged, compared to its average volume of 434,743. The stock has a market cap of $166.01 million, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 1.92 and a beta of 0.31. Perfect has a 1 year low of $1.24 and a 1 year high of $2.67. The firm's fifty day moving average price is $1.52 and its 200 day moving average price is $1.72.

Perfect (NYSE:PERF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The firm had revenue of $18.13 million during the quarter. Perfect had a net margin of 6.71% and a return on equity of 2.42%.

Institutional Investors Weigh In On Perfect

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in shares of Perfect during the 2nd quarter valued at approximately $30,000. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 15,754 shares during the period. GSA Capital Partners LLP lifted its position in shares of Perfect by 222.8% during the 3rd quarter. GSA Capital Partners LLP now owns 62,315 shares of the company's stock valued at $117,000 after acquiring an additional 43,013 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Perfect by 13.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,938,529 shares of the company's stock valued at $7,129,000 after acquiring an additional 464,702 shares during the period.

About Perfect

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.

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