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

The Monarch Cement Co. (OTCMKTS:MCEM) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 16 shares, a drop 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 shares of the stock are short sold.

Monarch Cement Stock Up 4.9%

Shares of MCEM traded up $14.00 during mid-day trading on Thursday, reaching $299.00. 1,018 shares of the company’s stock were exchanged, compared to its average volume of 165. The company has a 50-day simple moving average of $271.37 and a two-hundred day simple moving average of $252.11. Monarch Cement has a 52-week low of $207.00 and a 52-week high of $299.75. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 15.29 and a beta of 0.40.

Monarch Cement (OTCMKTS:MCEM) last issued 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 net margin of 24.43% and a return on equity of 14.75%.

About Monarch Cement

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.