The Monarch Cement Co. (OTCMKTS:MCEM) Short Interest Up 506.2% in June

The Monarch Cement Co. (OTCMKTS:MCEM) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 97 shares, an increase of 506.2% from the May 31st total of 16 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 490 shares, the short-interest ratio is presently 0.2 days.

Monarch Cement Trading Up 1.1%

MCEM stock traded up $2.99 during mid-day trading on Friday, reaching $283.00. 839 shares of the stock traded hands, compared to its average volume of 222. Monarch Cement has a 52-week low of $207.00 and a 52-week high of $299.75. The stock’s fifty day moving average is $279.18 and its 200-day moving average is $257.06. The company has a market cap of $1.06 billion, a P/E ratio of 14.47 and a beta of 0.40.

Monarch Cement (OTCMKTS:MCEM) last released its earnings results on Friday, May 8th. The construction company reported $3.03 earnings per share for the quarter. The business had revenue of $49.37 million for 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.