MasterBrand, Inc. (NYSE:MBC) Short Interest Down 15.2% in April

MasterBrand, Inc. (NYSE:MBC) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 3,450,000 shares, a drop of 15.2% from the March 31st total of 4,070,000 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Investors Weigh In On MasterBrand

A number of institutional investors have recently modified their holdings of the stock. Sage Rhino Capital LLC bought a new position in MasterBrand in the 1st quarter worth about $842,000. Allspring Global Investments Holdings LLC lifted its stake in shares of MasterBrand by 6,200.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 13,041 shares of the company’s stock worth $244,000 after buying an additional 12,834 shares in the last quarter. Riverview Trust Co bought a new position in shares of MasterBrand in the first quarter worth approximately $87,000. Mather Group LLC. purchased a new stake in shares of MasterBrand during the first quarter valued at approximately $43,000. Finally, GAMMA Investing LLC increased its position in shares of MasterBrand by 51.2% during the first quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $41,000 after acquiring an additional 748 shares in the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

MasterBrand Trading Up 1.7 %

NYSE MBC opened at $17.04 on Monday. MasterBrand has a twelve month low of $7.61 and a twelve month high of $19.07. The firm has a market capitalization of $2.17 billion, a PE ratio of 12.17 and a beta of 1.63. The company has a quick ratio of 1.22, a current ratio of 1.94 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average is $17.46 and its 200 day moving average is $14.96.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. MasterBrand had a net margin of 6.68% and a return on equity of 17.24%. The business had revenue of $677.10 million for the quarter.

About MasterBrand

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.