MasterBrand, Inc. (NYSE:MBC) Short Interest Update

Key Points

• MasterBrand, Inc. experienced a significant increase in short interest, rising by 52.4% to 6,050,000 shares as of August 15th, highlighting market bearish sentiment.
• Wall Street analysts have upgraded the stock from a "hold" to a "buy" rating, with an average price target set at $15.00.
• Institutional investors hold 87.32% of MasterBrand's stock, suggesting strong institutional confidence in the company's performance and prospects.

MasterBrand, Inc. (NYSE:MBC - Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 6,050,000 shares, agrowthof52.4% from the July 31st total of 3,970,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the short-interest ratio is presently 5.1 days. Currently,4.7% of the company's stock are sold short. Currently,4.7% of the company's stock are sold short. Based on an average daily trading volume, of 1,180,000 shares, the short-interest ratio is presently 5.1 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised MasterBrand from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $15.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its stake in MasterBrand by 213.8% in the first quarter. Signaturefd LLC now owns 1,949 shares of the company's stock valued at $25,000 after acquiring an additional 1,328 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of MasterBrand by 61.3% during the second quarter. Parkside Financial Bank & Trust now owns 4,357 shares of the company's stock worth $48,000 after purchasing an additional 1,655 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in MasterBrand in the first quarter worth about $49,000. Public Employees Retirement System of Ohio increased its stake in shares of MasterBrand by 36.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company's stock valued at $70,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of MasterBrand by 1,543.7% during the second quarter. Allworth Financial LP now owns 6,361 shares of the company's stock valued at $70,000 after purchasing an additional 5,974 shares in the last quarter. Institutional investors own 87.32% of the company's stock.

MasterBrand Stock Performance

Shares of NYSE:MBC traded up $0.43 during trading on Friday, hitting $13.49. 2,005,963 shares of the company were exchanged, compared to its average volume of 1,556,861. The company has a market cap of $1.71 billion, a PE ratio of 18.73 and a beta of 1.43. The stock has a 50 day moving average of $12.03 and a 200 day moving average of $11.89. MasterBrand has a 52-week low of $9.63 and a 52-week high of $20.67. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.12.

MasterBrand (NYSE:MBC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.06. The firm had revenue of $730.90 million for the quarter, compared to analysts' expectations of $683.30 million. MasterBrand had a net margin of 3.37% and a return on equity of 11.88%.

MasterBrand Company Profile

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.

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