Grupo Financiero Inbursa, S.A.B. de C.V. (OTCMKTS:GPFOF) Sees Large Increase in Short Interest

Grupo Financiero Inbursa, S.A.B. de C.V. (OTCMKTS:GPFOF) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 12,473,326 shares, a growth of 1,167.8% from the May 31st total of 983,849 shares. Based on an average daily volume of 7,531 shares, the short-interest ratio is currently 1,656.3 days.

Grupo Financiero Inbursa Stock Performance

OTCMKTS GPFOF remained flat at C$2.33 during trading hours on Friday. 1,200 shares of the company traded hands, compared to its average volume of 2,579. The stock has a 50 day simple moving average of C$2.47 and a two-hundred day simple moving average of C$2.47. Grupo Financiero Inbursa has a 12 month low of C$1.99 and a 12 month high of C$2.77.

Grupo Financiero Inbursa Company Profile

Grupo Financiero Inbursa, SAB. de C.V. (OTCMKTS: GPFOF) is a diversified Mexican financial holding company controlled by Grupo Carso and ultimately by entrepreneur Carlos Slim Helú. The firm provides a comprehensive suite of financial services to both retail and corporate clients through its banking, insurance, pensions, asset management and brokerage operations. Inbursa’s integrated platform allows clients to access credit, savings, investment and risk‐protection products under one umbrella.

Within its banking arm, Inbursa offers personal and commercial loans, mortgage financing and deposit accounts, while its insurance division underwrites life, health and property‐casualty policies.