Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Short Interest Update

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 4,978,570 shares, a decline of 17.7% from the December 15th total of 6,051,814 shares. Based on an average trading volume of 30,939 shares, the days-to-cover ratio is currently 160.9 days. Based on an average trading volume of 30,939 shares, the days-to-cover ratio is currently 160.9 days.

Grupo Financiero Banorte Price Performance

OTCMKTS GBOOF opened at $9.95 on Monday. The company has a 50 day simple moving average of $9.69 and a 200-day simple moving average of $9.50. Grupo Financiero Banorte has a 52-week low of $6.25 and a 52-week high of $10.60.

Grupo Financiero Banorte Company Profile

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is one of Mexico’s largest diversified financial groups. Founded in 1899 as Banco Mercantil de Monterrey, the company has expanded through both organic growth and strategic acquisitions to build a broad national presence. Headquartered in Monterrey, Nuevo León, Banorte operates under a universal banking model, integrating traditional banking services with a range of complementary financial offerings.

Banorte’s core activities encompass retail and commercial banking, where it provides deposit accounts, consumer and mortgage lending, and financing solutions for small and medium-sized enterprises.