Short Interest in Mcrae Industrie (OTCMKTS:MCRAA) Decreases By 25.0%

Key Points

• Short interest for Mcrae Industrie decreased by 25.0% in August, with a total of 600 shares sold short as of August 31st.
• The company announced a dividend of $0.14 per share, which will be paid on October 2nd and represents a yield of 123.0%.
• Mcrae Industrie has a market cap of $85.96 million and a P/E ratio of 8.60, with shares currently priced at $45.48.

Mcrae Industrie (OTCMKTS:MCRAA - Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 600 shares, a drop of 25.0% from the August 15th total of 800 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 1.5 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 400 shares, the short-interest ratio is presently 1.5 days.

Mcrae Industrie Stock Down 0.3%

OTCMKTS MCRAA traded down $0.14 on Friday, reaching $45.34. Mcrae Industrie has a 1-year low of $43.19 and a 1-year high of $52.40. The stock has a market capitalization of $85.69 million, a price-to-earnings ratio of 8.57 and a beta of 0.14. The company's 50-day moving average price is $46.86 and its 200 day moving average price is $47.86.

Mcrae Industrie Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 19th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a dividend yield of 123.0%. Mcrae Industrie's dividend payout ratio (DPR) is presently 10.59%.

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.