The Monarch Cement Company (OTCMKTS:MCEM) Short Interest Down 66.7% in March

The Monarch Cement Company (OTCMKTS:MCEM) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a drop 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 presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Monarch Cement Stock Performance

MCEM stock traded down $2.00 during mid-day trading on Friday, hitting $220.00. The company had a trading volume of 904 shares, compared to its average volume of 2,088. The firm has a market cap of $805.64 million, a PE ratio of 10.38 and a beta of 0.60. Monarch Cement has a 12 month low of $180.00 and a 12 month high of $305.00. The stock’s fifty day moving average price is $226.54 and its two-hundred day moving average price is $212.39.

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

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.