The Monarch Cement Co. (OTCMKTS:MCEM) Short Interest Update

The Monarch Cement Co. (OTCMKTS:MCEM) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 16 shares, a decline of 89.0% from the May 14th total of 145 shares. Based on an average daily volume of 394 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Monarch Cement Price Performance

OTCMKTS MCEM traded up $0.45 on Tuesday, hitting $290.45. The stock had a trading volume of 65 shares, compared to its average volume of 183. The business’s fifty day moving average price is $269.72 and its 200 day moving average price is $251.06. Monarch Cement has a 52-week low of $207.00 and a 52-week high of $296.00. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 14.85 and a beta of 0.40.

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

About Monarch Cement

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.