The Monarch Cement Company (OTCMKTS:MCEM) Sees Significant Decrease in Short Interest

The Monarch Cement Company (OTCMKTS:MCEM) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 100 shares, a decline of 66.7% from the February 28th total of 300 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Monarch Cement Stock Performance

Monarch Cement stock traded down $2.00 during trading on Friday, reaching $220.00. 904 shares of the company’s stock were exchanged, compared to its average volume of 2,088. The company’s 50-day moving average is $226.54 and its two-hundred day moving average is $212.39. Monarch Cement has a 52-week low of $180.00 and a 52-week high of $305.00. The firm has a market cap of $805.64 million, a price-to-earnings ratio of 10.38 and a beta of 0.60.

Monarch Cement (OTCMKTS:MCEM) last posted its earnings results on Friday, March 14th. The construction company reported $3.15 earnings per share (EPS) for the quarter. The business had revenue of $65.57 million during the quarter. Monarch Cement had a return on equity of 21.86% and a net margin of 28.76%.

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.