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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 9,400 shares, a decline of 86.6% from the October 31st total of 70,200 shares. Based on an average daily volume of 86,900 shares, the days-to-cover ratio is currently 0.1 days.

Grupo Financiero Banorte Stock Performance

OTCMKTS:GBOOY traded down $0.09 during mid-day trading on Thursday, reaching $32.32. The stock had a trading volume of 189,306 shares, compared to its average volume of 55,735. The firm has a 50 day moving average price of $36.09 and a two-hundred day moving average price of $38.68. Grupo Financiero Banorte has a one year low of $32.10 and a one year high of $56.15.

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.