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

The Monarch Cement Co. (OTCMKTS:MCEM) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 78 shares, an increase of 160.0% from the September 15th total of 30 shares. Based on an average daily volume of 404 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Monarch Cement Trading Down 2.6%

MCEM stock opened at $260.50 on Tuesday. The firm has a 50 day moving average of $266.46 and a 200-day moving average of $271.13. The firm has a market capitalization of $966.72 million, a P/E ratio of 12.88 and a beta of 0.38. Monarch Cement has a 12 month low of $207.00 and a 12 month high of $299.75.

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

Monarch Cement Company Profile

The Monarch Cement Company manufactures and sells cement products for construction and related industrial applications. Its product portfolio includes Portland cement and other cement products used in concrete, masonry, infrastructure, commercial, and residential projects.

Founded in 1908, the company is headquartered in Humboldt, Kansas. Monarch Cement operates manufacturing facilities in Kansas and Oklahoma and distributes its products through a network serving customers primarily across the central United States.

The company supplies cement to ready-mix producers, concrete-product manufacturers, contractors, building-material dealers, and other construction-related customers.