Short Interest in The Monarch Cement Co. (OTCMKTS:MCEM) Increases By 506.2%

The Monarch Cement Co. (OTCMKTS:MCEM) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 97 shares, an increase of 506.2% from the May 31st total of 16 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 490 shares, the short-interest ratio is currently 0.2 days.

Monarch Cement Price Performance

OTCMKTS:MCEM traded up $6.98 during mid-day trading on Friday, reaching $286.99. 574 shares of the company’s stock traded hands, compared to its average volume of 611. The company has a 50 day moving average price of $278.50 and a 200-day moving average price of $256.87. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.67 and a beta of 0.40. Monarch Cement has a 12-month low of $207.00 and a 12-month high of $299.75.

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

Monarch Cement Company Profile

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.