Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Short Interest Update

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,490,000 shares, a decline of 34.2% from the February 13th total of 2,263,500 shares. Based on an average daily trading volume, of 12,100 shares, the days-to-cover ratio is presently 123.1 days.

Grupo Financiero Banorte Stock Up 8.2 %

Shares of GBOOF traded up $0.58 during midday trading on Monday, reaching $7.62. 3,949 shares of the stock were exchanged, compared to its average volume of 39,065. Grupo Financiero Banorte has a twelve month low of $6.10 and a twelve month high of $11.29. The business’s 50-day moving average price is $7.20 and its 200 day moving average price is $7.11.

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.