Perfect Corp. (NYSE:PERF) Short Interest Up 213.8% in March

Perfect Corp. (NYSE:PERF) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 191,627 shares, a growth of 213.8% from the March 15th total of 61,060 shares. Based on an average daily trading volume, of 655,727 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Perfect

A number of hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in Perfect by 13.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,938,529 shares of the company’s stock valued at $7,129,000 after purchasing an additional 464,702 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Perfect by 222.8% during the 3rd quarter. GSA Capital Partners LLP now owns 62,315 shares of the company’s stock valued at $117,000 after purchasing an additional 43,013 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Perfect by 63.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 40,477 shares of the company’s stock valued at $76,000 after purchasing an additional 15,754 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Perfect by 164.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,595 shares of the company’s stock valued at $65,000 after purchasing an additional 21,495 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PERF. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Perfect in a research report on Thursday, January 22nd. Freedom Capital lowered Perfect from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Wall Street Zen lowered Perfect from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Perfect currently has a consensus rating of “Reduce”.

Perfect Stock Performance

Shares of PERF remained flat at $1.63 during trading hours on Friday. The stock had a trading volume of 117,886 shares, compared to its average volume of 438,517. The company’s 50 day simple moving average is $1.52 and its 200 day simple moving average is $1.71. Perfect has a 52 week low of $1.24 and a 52 week high of $2.67. The company has a market capitalization of $166.02 million, a P/E ratio of 32.61, a PEG ratio of 1.93 and a beta of 0.31.

Perfect (NYSE:PERF) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $18.13 million during the quarter. Perfect had a return on equity of 2.42% and a net margin of 6.71%.

Perfect Company Profile

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.