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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,227,600 shares, a drop of 16.1% from the January 15th total of 1,462,900 shares. Based on an average daily trading volume, of 68,800 shares, the days-to-cover ratio is currently 17.8 days.

Grupo Financiero Banorte Trading Up 2.3 %

GBOOF traded up $0.17 during trading on Monday, hitting $7.48. The company’s stock had a trading volume of 5,242 shares, compared to its average volume of 25,474. The firm’s 50 day moving average price is $6.96 and its two-hundred day moving average price is $7.10. Grupo Financiero Banorte has a 12 month low of $6.10 and a 12 month high of $11.35.

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.