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

Mcrae Industrie (OTCMKTS:MCRAA) saw a significant 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 daily trading volume, of 60 shares, the days-to-cover ratio is presently 4.3 days.

Mcrae Industrie Stock Performance

MCRAA stock remained flat at $50.83 during midday trading on Wednesday. 182 shares of the company’s stock were exchanged, compared to its average volume of 83. Mcrae Industrie has a twelve month low of $42.87 and a twelve month high of $50.83. The company has a market cap of $96.07 million, a PE ratio of 24.09 and a beta of 0.04. The stock’s 50-day moving average is $49.40 and its 200-day moving average is $47.33.

Mcrae Industrie (OTCMKTS:MCRAA) last issued its quarterly earnings results on Monday, June 15th. The company reported $0.38 earnings per share for the quarter. The business 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.