The Monarch Cement Co. (OTCMKTS:MCEM) Sees Large Decline in Short Interest

The Monarch Cement Co. (OTCMKTS:MCEM) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 6 shares, a drop of 93.8% from the June 15th total of 97 shares. Based on an average daily volume of 563 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Monarch Cement Trading Up 0.7%

MCEM stock traded up $2.00 during midday trading on Friday, hitting $282.00. 136 shares of the company’s stock were exchanged, compared to its average volume of 190. The firm has a 50 day moving average price of $284.95 and a 200-day moving average price of $261.23. Monarch Cement has a 12-month low of $207.00 and a 12-month high of $299.75. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.42 and a beta of 0.40.

Monarch Cement (OTCMKTS:MCEM) last released its earnings results on Friday, May 8th. The construction company reported $3.03 EPS for the quarter. Monarch Cement had a return on equity of 14.75% and a net margin of 24.43%.The company had revenue of $49.37 million during the quarter.

Monarch Cement Company Profile

The Monarch Cement Company engages in the manufacture and sale of portland cement in the United States. The company also provides masonry cement, ready-mixed concrete, concrete products, and sundry building materials. It primarily serves contractors, ready-mixed concrete plants, concrete products plants, building materials dealers, and governmental agencies. The company sells its products principally in the State of Kansas, the State of Iowa, southeast Nebraska, western Missouri, northwest Arkansas, and northern Oklahoma.