The Monarch Cement Co. (OTCMKTS:MCEM) Sees Significant Decrease in Short Interest

The Monarch Cement Co. (OTCMKTS:MCEM) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 28 shares, a decline of 64.1% from the September 30th total of 78 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 834 shares, the days-to-cover ratio is presently 0.0 days.

Monarch Cement Trading Down 1.4%

Monarch Cement stock opened at $266.17 on Friday. Monarch Cement has a 12-month low of $208.06 and a 12-month high of $299.75. The stock has a market cap of $987.49 million, a P/E ratio of 13.35 and a beta of 0.38. The company has a 50-day moving average price of $264.98 and a 200 day moving average price of $265.55.

Monarch Cement (OTCMKTS:MCEM) last posted its quarterly 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 during the quarter. Monarch Cement had a net margin of 28.98% and a return on equity of 17.20%.

Monarch Cement Company Profile

The Monarch Cement Company (OTCMKTS:MCEM) manufactures and sells cement products for construction and infrastructure applications. Its product portfolio includes Portland cement, masonry cement and other specialty cement products used in concrete, commercial construction, residential development, roads, bridges and industrial projects.

Founded in 1908, the company is headquartered in Humboldt, Kansas. Monarch Cement serves customers primarily across the central United States, including markets in Kansas, Missouri, Nebraska, Oklahoma and surrounding states.