The Monarch Cement Co. (OTCMKTS:MCEM) Sees Significant Growth in Short Interest

The Monarch Cement Co. (OTCMKTS:MCEM) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 78 shares, a growth of 1,850.0% from the July 15th total of 4 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,278 shares, the short-interest ratio is currently 0.1 days.

Monarch Cement Stock Performance

Shares of MCEM opened at $275.00 on Wednesday. The firm has a market capitalization of $1.03 billion, a P/E ratio of 13.60 and a beta of 0.42. Monarch Cement has a 52 week low of $207.00 and a 52 week high of $299.75. The stock has a 50 day moving average price of $280.16 and a two-hundred day moving average price of $266.79.

Monarch Cement (OTCMKTS:MCEM) last posted its earnings results on Monday, August 10th. The construction company reported $5.65 earnings per share for the quarter. The company had revenue of $69.74 million for the quarter. Monarch Cement had a return on equity of 17.38% and a net margin of 28.98%.

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.