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

Key Points

• Short interest dropped 14.9% — short interest fell to 401 shares as of Feb 27 from 471 on Feb 12, with a days-to-cover ratio of about 1.8 based on average volume and effectively 0.0% of shares sold short.
• Stock metrics and recent results — shares opened at $46.00 with a market cap of $86.94 million and a P/E of 14.47 (50/200-day averages ≈ $44.8/$44.9, 12‑month range $42.87–$51.50), and the company reported $0.64 EPS on $31.2 million revenue in its last quarterly report.

Mcrae Industrie (OTCMKTS:MCRAA - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 401 shares, a drop of 14.9% from the February 12th total of 471 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 224 shares, the days-to-cover ratio is presently 1.8 days. Based on an average trading volume of 224 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.0% of the shares of the company are sold short.

Mcrae Industrie Price Performance

Shares of Mcrae Industrie stock opened at $46.00 on Monday. The company has a market cap of $86.94 million, a price-to-earnings ratio of 14.47 and a beta of 0.09. The company's 50 day moving average is $44.82 and its 200 day moving average is $44.93. Mcrae Industrie has a twelve month low of $42.87 and a twelve month high of $51.50.

Mcrae Industrie (OTCMKTS:MCRAA - Get Free Report) last posted its earnings results on Tuesday, December 16th. The company reported $0.64 EPS for the quarter. The company had revenue of $31.20 million during the quarter.

About Mcrae Industrie

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.

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