Mcrae Industrie (OTCMKTS:MCRAA) Sees Significant Growth in Short Interest

Mcrae Industrie (OTCMKTS:MCRAA) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 260 shares, an increase of 326.2% from the July 30th total of 61 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 60 shares, the days-to-cover ratio is presently 4.3 days.

Mcrae Industrie Stock Performance

Shares of MCRAA stock remained flat at $50.83 during trading hours on Wednesday. 182 shares of the stock were exchanged, compared to its average volume of 83. The business has a 50 day moving average of $49.40 and a two-hundred day moving average of $47.33. Mcrae Industrie has a 52-week low of $42.87 and a 52-week high of $50.83. The firm has a market capitalization of $96.07 million, a price-to-earnings ratio of 24.09 and a beta of 0.04.

Mcrae Industrie (OTCMKTS:MCRAA) last issued its quarterly earnings data on Monday, June 15th. The company reported $0.38 earnings per share for the quarter. The company had revenue of $27.42 million for the quarter.

Mcrae Industrie Company Profile

McRae Industries, Inc manufactures and sells military combat boots for the United States Army. The company manufactures, sells, and distributes western, lifestyle, and work boots. It offers its products for men, women, and children under the Dan Post, Laredo Western Boots, Dingo, McRae Industrial, and McRae Footwear brand names. The company was founded in 1959 and is headquartered in Mount Gilead, North Carolina.