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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the recipient of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 89,000 shares, a decrease of 20.9% from the January 31st total of 112,500 shares. Based on an average daily trading volume, of 80,700 shares, the short-interest ratio is presently 1.1 days.

Grupo Financiero Banorte Stock Performance

Shares of GBOOY traded up $0.06 during mid-day trading on Thursday, reaching $36.15. The company’s stock had a trading volume of 22,329 shares, compared to its average volume of 56,929. Grupo Financiero Banorte has a 1-year low of $30.00 and a 1-year high of $56.15. The business has a 50-day simple moving average of $35.49 and a two-hundred day simple moving average of $35.49.

Grupo Financiero Banorte Cuts Dividend

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