Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sees Significant Decline in Short Interest

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 52,800 shares, a decline of 33.7% from the June 30th total of 79,674 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 87,238 shares, the days-to-cover ratio is presently 0.6 days.

Grupo Financiero Banorte SAB de CV Stock Performance

OTCMKTS:GBOOY opened at $57.81 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $32.53 billion, a PE ratio of 9.75, a P/E/G ratio of 1.25 and a beta of 0.71. Grupo Financiero Banorte SAB de CV has a fifty-two week low of $41.70 and a fifty-two week high of $62.89. The company has a fifty day moving average of $53.61 and a two-hundred day moving average of $54.87.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last announced its earnings results on Tuesday, July 21st. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.01. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.29 billion. Grupo Financiero Banorte SAB de CV had a net margin of 14.97% and a return on equity of 22.25%. As a group, research analysts forecast that Grupo Financiero Banorte SAB de CV will post 6.43 earnings per share for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.