Short Interest in The Monarch Cement Co. (OTCMKTS:MCEM) Grows By 100.0%

Key Points

• Short interest in Monarch Cement Co. grew by 100.0% in August, increasing from 100 shares to 200 shares, representing approximately 0.0% of the company's stock.
• The company recently announced a $0.83 dividend, yielding 140.0%, which was paid on September 5th to stockholders of record as of August 26th.
• Monarch Cement reported $4.99 earnings per share for the last quarter, with revenue of $67.83 million and a net margin of 19.56%.

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 200 shares, a growth of 100.0% from the August 15th total of 100 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold.

Monarch Cement Price Performance

Shares of MCEM traded down $0.01 during mid-day trading on Friday, hitting $232.00. 950 shares of the company's stock were exchanged, compared to its average volume of 763. The company has a market cap of $849.58 million, a PE ratio of 14.44 and a beta of 0.59. Monarch Cement has a 52 week low of $181.26 and a 52 week high of $305.00. The company has a 50-day simple moving average of $236.87 and a 200 day simple moving average of $235.59.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The construction company reported $4.99 earnings per share for the quarter. The company had revenue of $67.83 million during the quarter. Monarch Cement had a net margin of 19.56% and a return on equity of 12.31%.

Monarch Cement Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, August 26th were issued a $0.83 dividend. This represents a dividend yield of 140.0%. The ex-dividend date of this dividend was Monday, August 25th. Monarch Cement's dividend payout ratio is presently 20.66%.

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.

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