Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Drops By 94.7%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 600 shares, a drop of 94.7% from the March 31st total of 11,300 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 108,800 shares, the short-interest ratio is presently 0.0 days.

Grupo Financiero Banorte Trading Up 2.3 %

Shares of GBOOY traded up $0.96 during trading hours on Friday, reaching $42.07. 17,492 shares of the company traded hands, compared to its average volume of 48,420. Grupo Financiero Banorte has a 12 month low of $30.00 and a 12 month high of $53.37. The company's fifty day moving average price is $36.73 and its two-hundred day moving average price is $35.70.

Grupo Financiero Banorte (OTCMKTS:GBOOY - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.32 earnings per share for the quarter, missing analysts' consensus estimates of $26.79 by ($25.47). The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $40.28 billion. Sell-side analysts anticipate that Grupo Financiero Banorte will post 4.84 EPS for the current year.

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.

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