Perfect Corp. (NYSE:PERF) Short Interest Up 266.9% in October

Perfect Corp. (NYSE:PERF) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 53,200 shares, a growth of 266.9% from the September 30th total of 14,500 shares. Based on an average daily volume of 176,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 176,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Perfect stock. Heron Bay Capital Management acquired a new stake in Perfect Corp. (NYSE:PERF) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,765 shares of the company’s stock, valued at approximately $27,000.

Analyst Ratings Changes

PERF has been the subject of a number of research reports. Wall Street Zen downgraded shares of Perfect from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Perfect in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Perfect Trading Up 3.6%

PERF opened at $2.04 on Wednesday. The firm has a market capitalization of $173.52 million, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 4.62 and a beta of 0.45. Perfect has a fifty-two week low of $1.51 and a fifty-two week high of $3.44. The stock’s 50-day simple moving average is $1.96.

Perfect (NYSE:PERF) last posted its earnings results on Tuesday, October 28th. The company reported $0.02 EPS for the quarter. Perfect had a net margin of 9.52% and a return on equity of 4.36%. Perfect has set its FY 2025 guidance at EPS.

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.