Perfect Corp. (NYSE:PERF) Short Interest Down 68.0% in August

Key Points

• Short interest in Perfect Corp. decreased by 68.0% from July to August, dropping to 65,400 shares.
• BNP Paribas Financial Markets acquired a new position in Perfect Corp., purchasing 13,100 shares valued at approximately $30,000.
• Analysts downgraded Perfect Corp.'s stock from a "buy" to a "hold" rating as of August 2nd.

Perfect Corp. (NYSE:PERF - Get Free Report) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 65,400 shares, adropof68.0% from the July 31st total of 204,300 shares. Based on an average daily trading volume, of 268,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately0.2% of the shares of the company are short sold. Approximately0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 268,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Perfect

An institutional investor recently bought a new position in Perfect stock. BNP Paribas Financial Markets purchased a new stake in shares of Perfect Corp. (NYSE:PERF - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,100 shares of the company's stock, valued at approximately $30,000.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Perfect from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

Perfect Price Performance

Shares of NYSE:PERF opened at $2.00 on Wednesday. Perfect has a 12-month low of $1.51 and a 12-month high of $3.44. The firm has a 50 day moving average of $2.16. The firm has a market capitalization of $170.12 million, a P/E ratio of 33.34, a PEG ratio of 3.20 and a beta of 0.47.

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.

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