The Monarch Cement Co. (OTCMKTS:MCEM) Stock Short Interest Declines 75.0%

The Monarch Cement Co. (OTCMKTS:MCEM) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 7 shares, a decline of 75.0% from the October 15th total of 28 shares. Based on an average daily volume of 1,156 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Monarch Cement Stock Down 1.1%

Shares of MCEM opened at $270.00 on Thursday. The business has a 50-day simple moving average of $266.12 and a two-hundred day simple moving average of $266.81. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 13.50 and a beta of 0.37. Monarch Cement has a 52 week low of $208.06 and a 52 week high of $299.75.

Monarch Cement (OTCMKTS:MCEM) last posted its quarterly earnings data on Monday, August 10th. The construction company reported $5.65 earnings per share for the quarter. The firm had revenue of $69.74 million for the quarter. Monarch Cement had a return on equity of 17.20% and a net margin of 28.98%.

About Monarch Cement

Monarch Cement Company manufactures and sells cement products for construction and infrastructure projects. Its offerings include portland and masonry cement used in applications such as buildings, roads and other concrete construction. Founded in 1908, the company is based in Humboldt, Kansas, where it operates a cement plant. Its market is centered in Kansas and extends into nearby states, including parts of Missouri, Nebraska and Oklahoma. Monarch also participates in the ready-mixed concrete business, serving construction customers in its regional markets.