Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Short Interest Update

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 7,217 shares, a drop of 42.8% from the July 30th total of 12,615 shares. Based on an average daily volume of 55,482 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Grupo Financiero Banorte SAB de CV Price Performance

Shares of GBOOY traded up $0.29 during midday trading on Tuesday, hitting $56.99. 7,810 shares of the company traded hands, compared to its average volume of 55,174. The stock has a 50-day moving average of $54.90 and a 200-day moving average of $55.08. Grupo Financiero Banorte SAB de CV has a one year low of $43.73 and a one year high of $63.81. The firm has a market cap of $32.06 billion, a P/E ratio of 9.61, a PEG ratio of 1.23 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.79 and a quick ratio of 0.79.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.58 by $0.01. Grupo Financiero Banorte SAB de CV had a net margin of 14.97% and a return on equity of 22.25%. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.29 billion. As a group, sell-side analysts predict that Grupo Financiero Banorte SAB de CV will post 6.46 EPS 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.