Perfect Corp. (NYSE:PERF) Short Interest Up 101.6% in September

Key Points

• Short interest in Perfect Corp. (NYSE:PERF) increased by 101.6% in September, rising from 30,600 shares to 61,700 shares.
• Several analysts have issued ratings, with Weiss Ratings maintaining a "sell" rating, while Wall Street Zen downgraded from "buy" to "hold."
• Perfect Corp.'s shares are currently trading at $1.88, with a market capitalization of $159.91 million and a PE ratio of 31.34.

Perfect Corp. (NYSE:PERF - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 61,700 shares, an increase of 101.6% from the August 31st total of 30,600 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 203,700 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 203,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PERF shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Perfect in a research note on Saturday, September 27th. Wall Street Zen cut shares of Perfect from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

Perfect Price Performance

Shares of PERF traded down $0.06 during trading hours on Friday, hitting $1.88. The stock had a trading volume of 276,502 shares, compared to its average volume of 128,549. The company's fifty day moving average price is $1.96. Perfect has a 52 week low of $1.51 and a 52 week high of $3.44. The stock has a market capitalization of $159.91 million, a PE ratio of 31.34, a price-to-earnings-growth ratio of 4.55 and a beta of 0.45.

Institutional Inflows and Outflows

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

Perfect Company Profile

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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