Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Short Interest Update

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 1,501,400 shares, a decrease of 32.8% from the December 15th total of 2,234,300 shares. Based on an average trading volume of 19,100 shares, the days-to-cover ratio is currently 78.6 days.

Grupo Financiero Banorte Stock Performance

OTCMKTS GBOOF traded up $0.05 during trading hours on Wednesday, hitting $7.03. 991 shares of the company’s stock were exchanged, compared to its average volume of 14,251. The business’s 50 day moving average is $6.85 and its 200-day moving average is $7.26. Grupo Financiero Banorte has a 12-month low of $6.10 and a 12-month high of $11.35.

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.