Short Interest in The Monarch Cement Co. (OTCMKTS:MCEM) Drops By 58.4%

The Monarch Cement Co. (OTCMKTS:MCEM) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 91 shares, a drop of 58.4% from the August 15th total of 219 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 490 shares, the days-to-cover ratio is currently 0.2 days.

Monarch Cement Stock Performance

Shares of Monarch Cement stock traded up $0.25 during trading hours on Tuesday, hitting $266.26. The company’s stock had a trading volume of 111 shares, compared to its average volume of 570. The company has a market cap of $995.81 million, a PE ratio of 13.17 and a beta of 0.40. The business has a 50 day moving average price of $270.76 and a two-hundred day moving average price of $270.23. Monarch Cement has a 12-month low of $207.00 and a 12-month high of $299.75.

Monarch Cement (OTCMKTS:MCEM) last released its earnings results on Monday, August 10th. The construction company reported $5.65 earnings per share (EPS) for the quarter. Monarch Cement had a return on equity of 17.20% and a net margin of 28.98%.The firm had revenue of $69.74 million during the quarter.

About Monarch Cement

Monarch Cement Company manufactures and sells cement products for use in commercial, residential, infrastructure and industrial construction. Its product portfolio includes Portland cement, blended cement, masonry cement and specialty cement products designed for applications such as concrete production, mortar and oil-well construction.

Founded in 1908, the company is headquartered in Humboldt, Kansas. Monarch Cement operates a cement manufacturing facility in Kansas and supplies customers through a regional distribution network serving markets in the central United States, including Kansas, Missouri, Oklahoma and neighboring states.

The company primarily sells its products to ready-mix concrete producers, concrete product manufacturers, contractors, construction-material distributors and other industrial customers.