Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Grows By 75.2%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 21,200 shares, an increase of 75.2% from the August 31st total of 12,100 shares. Based on an average daily volume of 101,100 shares, the days-to-cover ratio is presently 0.2 days.

Grupo Financiero Banorte Stock Performance

Shares of GBOOY stock traded down $1.25 during mid-day trading on Friday, hitting $35.55. 28,547 shares of the stock were exchanged, compared to its average volume of 56,936. Grupo Financiero Banorte has a 12-month low of $32.40 and a 12-month high of $56.15. The stock’s fifty day simple moving average is $36.23 and its two-hundred day simple moving average is $43.45.

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.