Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Short Interest Up 19.3% in January

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 112,500 shares, an increase of 19.3% from the January 15th total of 94,300 shares. Based on an average daily volume of 155,000 shares, the days-to-cover ratio is presently 0.7 days.

Grupo Financiero Banorte Stock Performance

Shares of OTCMKTS:GBOOY opened at $37.26 on Monday. The business has a 50 day moving average price of $34.82 and a 200 day moving average price of $35.44. Grupo Financiero Banorte has a twelve month low of $30.00 and a twelve month high of $56.15.

Grupo Financiero Banorte Cuts Dividend

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