Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Declines By 86.1%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 13,900 shares, a decrease of 86.1% from the February 28th total of 100,100 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 56,500 shares, the short-interest ratio is currently 0.2 days.

Grupo Financiero Banorte Price Performance

Shares of GBOOY traded down $0.98 during mid-day trading on Wednesday, reaching $35.80. 28,751 shares of the company were exchanged, compared to its average volume of 49,273. The business has a 50 day simple moving average of $36.31 and a two-hundred day simple moving average of $35.65. Grupo Financiero Banorte has a 52 week low of $30.00 and a 52 week high of $56.15.

About Grupo Financiero Banorte

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.