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 growth in short interest in November. As of November 30th, there was short interest totalling 7,609,000 shares, a growth of 188.3% from the November 15th total of 2,638,900 shares. Based on an average trading volume of 142,900 shares, the short-interest ratio is presently 53.2 days.

Grupo Financiero Banorte Stock Performance

Shares of Grupo Financiero Banorte stock traded up $0.07 on Thursday, hitting $6.92. 2,541 shares of the company traded hands, compared to its average volume of 21,245. The stock’s 50 day moving average price is $7.13 and its 200-day moving average price is $7.53. Grupo Financiero Banorte has a 52 week low of $6.20 and a 52 week high of $11.35.

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.