The Monarch Cement Co. (OTCMKTS:MCEM) Sees Large Decrease in Short Interest
by Scott Moore · The Cerbat GemThe Monarch Cement Co. (OTCMKTS:MCEM – Get Free Report) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 32 shares, a drop of 57.9% from the April 15th total of 76 shares. Based on an average daily trading volume, of 843 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 Stock Down 0.3%
Monarch Cement stock opened at $289.08 on Friday. Monarch Cement has a 52 week low of $207.00 and a 52 week high of $290.00. The company’s 50 day moving average price is $259.60 and its two-hundred day moving average price is $242.44. The stock has a market cap of $1.08 billion, a P/E ratio of 14.78 and a beta of 0.35.
Monarch Cement (OTCMKTS:MCEM – Get Free Report) last posted its 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 14.90%. The firm had revenue of $49.37 million for the quarter.
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.