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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 112,500 shares, a growth of 19.3% from the January 15th total of 94,300 shares. Based on an average daily volume of 155,000 shares, the days-to-cover ratio is presently 0.7 days.

Grupo Financiero Banorte Stock Down 0.4 %

Shares of OTCMKTS:GBOOY traded down $0.16 during midday trading on Wednesday, reaching $38.01. The company had a trading volume of 22,493 shares, compared to its average volume of 62,340. The stock's fifty day moving average price is $35.00 and its 200-day moving average price is $35.48. Grupo Financiero Banorte has a one year low of $30.00 and a one year high of $56.15.

Grupo Financiero Banorte Cuts Dividend

The firm also recently disclosed 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 was Monday, December 23rd.

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.