Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Sees Large Growth in Short Interest

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,100 shares, a growth of 520.0% from the December 15th total of 500 shares. Based on an average trading volume of 186,400 shares, the days-to-cover ratio is currently 0.0 days.

Grupo Financiero Banorte Price Performance

Shares of Grupo Financiero Banorte stock traded up $0.39 during trading hours on Monday, reaching $34.35. 85,572 shares of the company's stock were exchanged, compared to its average volume of 81,522. Grupo Financiero Banorte has a 1 year low of $30.00 and a 1 year high of $56.15. The business has a fifty day moving average of $34.37 and a two-hundred day moving average of $36.30.

Grupo Financiero Banorte Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8627 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.

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