Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Sees Significant 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 in January. As of January 15th, there was short interest totalling 3,100 shares, a growth of 520.0% from the December 31st 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 Stock Down 3.2 %

Shares of GBOOY traded down $1.15 during mid-day trading on Friday, hitting $34.50. 74,500 shares of the company traded hands, compared to its average volume of 69,528. The stock has a 50-day moving average price of $34.36 and a two-hundred day moving average price of $35.72. Grupo Financiero Banorte has a 1 year low of $30.00 and a 1 year high of $56.15.

Grupo Financiero Banorte Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued 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.