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

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

Monarch Cement Stock Performance

MCEM opened at $270.00 on Thursday. Monarch Cement has a fifty-two week low of $208.06 and a fifty-two week high of $299.75. The firm’s fifty day moving average is $266.12 and its 200 day moving average is $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 (OTCMKTS:MCEM) last issued its quarterly earnings results on Monday, August 10th. The construction company reported $5.65 earnings per share (EPS) for the quarter. Monarch Cement had a return on equity of 17.20% and a net margin of 28.98%. The business had revenue of $69.74 million during the quarter.

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.