Short Interest in Perfect Corp. (NYSE:PERF) Increases By 213.8%

Key Points

• Short interest in Perfect Corp. increased by 213.8%, with total short interest reaching 204,300 shares as of July 31st.
• Heron Bay Capital Management acquired a new stake of 11,765 shares in Perfect Corp., valued at approximately $27,000.
• Analyst ratings for Perfect Corp. were downgraded from a "buy" to a "hold" by Wall Street Zen on August 2nd.

Perfect Corp. (NYSE:PERF - Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 204,300 shares, agrowthof213.8% from the July 15th total of 65,100 shares. Based on an average daily volume of 250,400 shares, the days-to-cover ratio is currently 0.8 days. Currently,0.7% of the shares of the stock are short sold. Currently,0.7% of the shares of the stock are short sold. Based on an average daily volume of 250,400 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Perfect stock. Heron Bay Capital Management bought a new position in shares of Perfect Corp. (NYSE:PERF - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,765 shares of the company's stock, valued at approximately $27,000.

Analyst Upgrades and Downgrades

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

Perfect Price Performance

Shares of NYSE PERF remained flat at $1.90 on Friday. 174,177 shares of the stock were exchanged, compared to its average volume of 269,269. Perfect has a one year low of $1.51 and a one year high of $3.44. The stock's fifty day moving average is $2.15. The company has a market cap of $161.61 million, a P/E ratio of 27.29, a PEG ratio of 2.98 and a beta of 0.46.

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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