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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 3,333,200 shares, an increase of 8.2% from the September 30th total of 3,079,700 shares. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is currently 284.9 days.

Grupo Financiero Banorte Stock Performance

Grupo Financiero Banorte stock opened at $6.69 on Friday. Grupo Financiero Banorte has a 12 month low of $6.52 and a 12 month high of $11.35. The stock’s 50-day moving average is $7.24 and its 200-day moving average is $8.21.

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.