Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sees Significant Drop in Short Interest

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 5,355 shares, a decrease of 44.3% from the April 30th total of 9,606 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 70,770 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Grupo Financiero Banorte SAB de CV Price Performance

GBOOY stock opened at $52.24 on Thursday. The company has a fifty day moving average price of $55.29 and a 200-day moving average price of $53.18. The company has a market capitalization of $29.39 billion, a P/E ratio of 9.21, a PEG ratio of 0.99 and a beta of 0.70. Grupo Financiero Banorte SAB de CV has a 52-week low of $41.70 and a 52-week high of $62.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.79.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.07). Grupo Financiero Banorte SAB de CV had a net margin of 14.23% and a return on equity of 22.08%. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.39 billion. As a group, equities analysts expect that Grupo Financiero Banorte SAB de CV will post 6.47 EPS for the current year.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.