The Monarch Cement Co. (OTCMKTS:MCEM) Short Interest Down 89.0% in May

by · The Markets Daily

The Monarch Cement Co. (OTCMKTS:MCEM – Get Free Report) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 16 shares, a decrease of 89.0% from the May 14th total of 145 shares. Based on an average daily volume of 394 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Monarch Cement Price Performance

OTCMKTS:MCEM remained flat at $290.45 during midday trading on Wednesday. 65 shares of the company were exchanged, compared to its average volume of 183. The business has a 50 day moving average of $269.72 and a two-hundred day moving average of $251.06. Monarch Cement has a 52 week low of $207.00 and a 52 week high of $296.00. The firm has a market capitalization of $1.09 billion, a PE ratio of 14.85 and a beta of 0.40.

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

About Monarch Cement

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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.

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