Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Sees Large Drop in Short Interest

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 2,638,900 shares, a drop of 20.9% from the October 31st total of 3,334,900 shares. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is currently 152.5 days.

Grupo Financiero Banorte Stock Performance

Shares of Grupo Financiero Banorte stock traded down $0.05 on Monday, hitting $6.70. 69,331 shares of the company traded hands, compared to its average volume of 21,756. Grupo Financiero Banorte has a 52 week low of $6.20 and a 52 week high of $11.35. The stock’s 50 day moving average price is $7.21 and its 200-day moving average price is $7.69.

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.