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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 2,263,500 shares, a growth of 84.4% from the January 31st total of 1,227,600 shares. Based on an average trading volume of 46,600 shares, the short-interest ratio is currently 48.6 days.

Grupo Financiero Banorte Trading Up 0.9 %

GBOOF opened at $7.51 on Tuesday. Grupo Financiero Banorte has a one year low of $6.10 and a one year high of $11.29. The business’s 50-day simple moving average is $7.07 and its 200-day simple moving average is $7.11.

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.