Perfect Corp. (NYSE:PERF) Short Interest Down 53.2% in August

Key Points

• Perfect Corp. saw a significant decline in short interest, with a decrease of 53.2% from 65,400 shares to 30,600 shares as of August 31st.
• A recent upgrade from "buy" to "hold" by Wall Street Zen reflects a change in analyst sentiment regarding Perfect Corp.'s stock.
• During mid-day trading, Perfect's stock increased by 7.8%, reaching a price of $2.07, with a market cap of $176.07 million.

Perfect Corp. (NYSE:PERF - Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 30,600 shares, a decrease of 53.2% from the August 15th total of 65,400 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 261,500 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 261,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Perfect Trading Down 0.3%

Shares of Perfect stock traded down $0.01 during trading on Thursday, reaching $1.96. 120,378 shares of the stock were exchanged, compared to its average volume of 186,342. The stock's fifty day moving average is $2.08. The firm has a market cap of $167.08 million, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 3.11 and a beta of 0.47. Perfect has a 1 year low of $1.51 and a 1 year high of $3.44.

Institutional Trading of Perfect

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

Analyst Ratings Changes

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

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.