Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Declines By 20.9%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 89,000 shares, a decline of 20.9% from the January 31st total of 112,500 shares. Based on an average daily volume of 80,700 shares, the short-interest ratio is presently 1.1 days.

Grupo Financiero Banorte Trading Up 0.7 %

OTCMKTS:GBOOY traded up $0.25 during trading hours on Tuesday, reaching $36.09. The company’s stock had a trading volume of 49,898 shares, compared to its average volume of 57,498. Grupo Financiero Banorte has a one year low of $30.00 and a one year high of $56.15. The business’s 50-day moving average is $35.39 and its 200-day moving average is $35.51.

Grupo Financiero Banorte Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8627 per share. The ex-dividend date was Monday, December 23rd.

About Grupo Financiero Banorte

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.