Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Declines By 34.2%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,490,000 shares, a drop of 34.2% from the February 13th total of 2,263,500 shares. Based on an average daily volume of 12,100 shares, the short-interest ratio is presently 123.1 days.

Grupo Financiero Banorte Stock Performance

Shares of GBOOF stock traded up $0.58 during trading hours on Friday, hitting $7.62. 3,949 shares of the company were exchanged, compared to its average volume of 39,065. Grupo Financiero Banorte has a one year low of $6.10 and a one year high of $11.29. The business’s 50-day simple moving average is $7.18 and its two-hundred 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.