Short Interest in Perfect Corp. (NYSE:PERF) Increases By 144.7%

Key Points

• Short interest in Perfect Corp. (NYSE:PERF) rose by 144.7% in July, increasing from 26,600 shares to a total of 65,100 shares.
• Wall Street Zen downgraded Perfect Corp.'s rating from "buy" to "hold" in a recent research note.
• The stock opened at $1.87 with a 12-month price range of $1.51 to $3.44 and a market cap of $159.06 million.

Perfect Corp. (NYSE:PERF - Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 65,100 shares, anincreaseof144.7% from the June 30th total of 26,600 shares. Approximately0.2% of the shares of the stock are short sold. Based on an average trading volume of 212,000 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 212,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately0.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Perfect Price Performance

NYSE PERF remained flat at $1.92 during trading hours on Thursday. The company's stock had a trading volume of 161,350 shares, compared to its average volume of 193,414. The business has a 50 day moving average of $2.19. Perfect has a 52 week low of $1.51 and a 52 week high of $3.44. The stock has a market capitalization of $163.32 million, a PE ratio of 32.01, a PEG ratio of 3.02 and a beta of 0.46.

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.