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) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 6,023,886 shares, an increase of 42.2% from the January 15th total of 4,235,952 shares. Based on an average daily volume of 79,519 shares, the short-interest ratio is presently 75.8 days. Based on an average daily volume of 79,519 shares, the short-interest ratio is presently 75.8 days.

Grupo Financiero Banorte Trading Down 4.4%

Shares of Grupo Financiero Banorte stock traded down $0.53 during trading on Monday, hitting $11.35. 123,078 shares of the company’s stock traded hands, compared to its average volume of 30,193. Grupo Financiero Banorte has a 1 year low of $6.25 and a 1 year high of $13.25. The business has a 50-day simple moving average of $10.39 and a 200-day simple moving average of $9.83.

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.