Perfect Corp. (NYSE:PERF) Short Interest Update

Key Points

• Short interest surged 680.2% to 110,912 shares as of July 31, though only about 0.1% of Perfect’s shares are sold short and the days-to-cover ratio remains low at 0.3.
• Perfect reported quarterly revenue of $16.34 million and EPS of $0.01, matching analyst expectations. Analysts currently expect $0.08 in full-year EPS.
• Analyst sentiment is cautious: two analysts rate the stock Hold and one rates it Sell, producing a consensus rating of “Reduce.”

Perfect Corp. (NYSE:PERF - Get Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 110,912 shares, a growth of 680.2% from the July 15th total of 14,215 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 322,946 shares, the days-to-cover ratio is presently 0.3 days.

Perfect Stock Down 0.3%

NYSE:PERF opened at $1.86 on Wednesday. The company has a fifty day moving average of $1.79 and a 200 day moving average of $1.66. Perfect has a 52 week low of $1.24 and a 52 week high of $2.16. The firm has a market capitalization of $189.95 million, a P/E ratio of 31.09, a P/E/G ratio of 1.28 and a beta of 0.28.

Perfect (NYSE:PERF - Get Free Report) last announced its quarterly earnings results 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 net margin of 8.13% and a return on equity of 3.73%. The business had revenue of $16.34 million for the quarter. As a group, analysts anticipate that Perfect will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in Perfect during the 2nd quarter valued at approximately $30,000. Dimensional Fund Advisors LP grew its position in shares of Perfect by 63.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 40,477 shares of the company's stock worth $76,000 after buying an additional 15,754 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of 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 during the last quarter. Credit Industriel ET Commercial purchased a new position in shares of Perfect during the first quarter valued at approximately $338,000. Finally, Groupe la Francaise purchased a new position in shares of Perfect during the first quarter valued at approximately $507,000.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Perfect in a research report on Friday, July 17th. Noble Financial cut Perfect from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Perfect currently has a consensus rating of "Reduce".

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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