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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 15,100 shares, a drop of 28.8% from the September 15th total of 21,200 shares. Based on an average trading volume of 96,700 shares, the days-to-cover ratio is presently 0.2 days.

Grupo Financiero Banorte Price Performance

OTCMKTS GBOOY traded up $0.18 during trading hours on Friday, hitting $38.75. The company’s stock had a trading volume of 37,638 shares, compared to its average volume of 55,449. Grupo Financiero Banorte has a 52 week low of $32.40 and a 52 week high of $56.15. The company’s 50-day simple moving average is $36.20 and its two-hundred day simple moving average is $42.51.

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.