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

The Monarch Cement Co. (OTCMKTS:MCEM) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 145 shares, a growth of 353.1% from the April 30th total of 32 shares. Based on an average daily volume of 2,963 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Monarch Cement Price Performance

Monarch Cement stock opened at $296.00 on Friday. Monarch Cement has a 12 month low of $207.00 and a 12 month high of $296.00. The business has a 50 day simple moving average of $264.96 and a 200-day simple moving average of $247.31. The stock has a market capitalization of $1.11 billion, a PE ratio of 15.13 and a beta of 0.35.

Monarch Cement (OTCMKTS:MCEM) last released its quarterly earnings results on Friday, May 8th. The construction company reported $3.03 EPS for the quarter. The business had revenue of $49.37 million during the quarter. Monarch Cement had a return on equity of 14.90% 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.