Short Interest in MasterBrand, Inc. (NYSE:MBC) Decreases By 15.2%

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

MasterBrand Trading Down 2.8 %

MBC stock traded down $0.48 during trading on Tuesday, hitting $16.67. The company had a trading volume of 500,804 shares, compared to its average volume of 1,048,632. The company has a current ratio of 1.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. MasterBrand has a one year low of $7.61 and a one year high of $19.07. The business has a 50-day moving average of $17.50 and a 200-day moving average of $15.00. The stock has a market cap of $2.12 billion, a PE ratio of 12.24 and a beta of 1.63.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. HM Payson & Co. lifted its position in shares of MasterBrand by 70.0% during the 3rd quarter. HM Payson & Co. now owns 2,975 shares of the company’s stock valued at $36,000 after acquiring an additional 1,225 shares during the period. GAMMA Investing LLC raised its holdings 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 purchasing an additional 748 shares during the period. Mather Group LLC. bought a new position in shares of MasterBrand during the 1st quarter worth about $43,000. Whittier Trust Co. grew its stake in shares of MasterBrand by 102.9% in the 4th quarter. Whittier Trust Co. now owns 3,112 shares of the company’s stock valued at $46,000 after buying an additional 1,578 shares during the period. Finally, Riverview Trust Co bought a new stake in MasterBrand in the 1st quarter valued at about $87,000. 87.32% of the stock is owned by institutional investors.

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.