Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Sees Significant Drop in Short Interest

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 1,227,600 shares, a drop of 16.1% from the January 15th total of 1,462,900 shares. Based on an average trading volume of 68,800 shares, the days-to-cover ratio is currently 17.8 days.

Grupo Financiero Banorte Stock Up 2.3 %

Shares of GBOOF stock traded up $0.17 during mid-day trading on Monday, reaching $7.48. 5,242 shares of the company were exchanged, compared to its average volume of 25,474. Grupo Financiero Banorte has a fifty-two week low of $6.10 and a fifty-two week high of $11.35. The business’s 50 day simple moving average is $6.96 and its 200 day simple moving average is $7.10.

Grupo Financiero Banorte Company Profile

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.