Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Sees Significant Increase in Short Interest

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 112,500 shares, an increase of 19.3% from the January 15th total of 94,300 shares. Based on an average trading volume of 155,000 shares, the short-interest ratio is currently 0.7 days.

Grupo Financiero Banorte Stock Performance

Shares of OTCMKTS GBOOY traded up $0.53 during mid-day trading on Friday, reaching $37.26. 76,357 shares of the company traded hands, compared to its average volume of 64,233. Grupo Financiero Banorte has a fifty-two week low of $30.00 and a fifty-two week high of $56.15. The company’s fifty day moving average is $34.82 and its two-hundred day moving average is $35.47.

Grupo Financiero Banorte Cuts Dividend

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

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.