Short Interest in The Monarch Cement Co. (OTCMKTS:MCEM) Drops By 93.8%

The Monarch Cement Co. (OTCMKTS:MCEM) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 6 shares, a decline 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 presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Monarch Cement Stock Up 0.7%

OTCMKTS MCEM traded up $2.00 during trading hours on Friday, hitting $282.00. The company had a trading volume of 136 shares, compared to its average volume of 197. Monarch Cement has a fifty-two week low of $207.00 and a fifty-two week high of $299.75. The business has a fifty day simple moving average of $284.95 and a 200-day simple moving average of $260.95. The firm has a market cap of $1.05 billion, a P/E ratio of 14.42 and a beta of 0.40.

Monarch Cement (OTCMKTS:MCEM) last posted its earnings results on Friday, May 8th. The construction company reported $3.03 earnings per share (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 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.