McRae Industries, Inc. (OTCMKTS:MCRAA) Sees Large Drop in Short Interest

McRae Industries, Inc. (OTCMKTS:MCRAAGet Rating) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 200 shares, a decline of 60.0% from the March 31st total of 500 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 1.0 days.

Shares of MCRAA stock traded up $0.45 during mid-day trading on Friday, hitting $37.95. The company’s stock had a trading volume of 878 shares, compared to its average volume of 177. McRae Industries has a 52-week low of $23.00 and a 52-week high of $38.75. The business has a 50-day moving average price of $37.22 and a 200 day moving average price of $36.09. The stock has a market cap of $71.73 million, a price-to-earnings ratio of 68.18 and a beta of 0.51.

The company also recently disclosed a dividend, which was paid on Wednesday, March 30th. Investors of record on Wednesday, March 16th were issued a $0.13 dividend. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, March 15th.

McRae Industries Company Profile (Get Rating)

McRae Industries, Inc manufactures and sells military combat boots for the United States Army. The company also imports and sells western 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.

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