Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Rises By 520.0%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 3,100 shares, an increase of 520.0% from the December 15th total of 500 shares. Based on an average trading volume of 186,400 shares, the short-interest ratio is presently 0.0 days.

Grupo Financiero Banorte Stock Performance

Shares of OTCMKTS:GBOOY traded up $0.72 during midday trading on Wednesday, hitting $35.07. 44,721 shares of the stock traded hands, compared to its average volume of 77,167. The business’s 50 day moving average is $34.34 and its two-hundred day moving average is $36.21. Grupo Financiero Banorte has a one year low of $30.00 and a one year high of $56.15.

Grupo Financiero Banorte Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8627 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.