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) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 36,400 shares, an increase of 338.6% from the May 31st total of 8,300 shares. Based on an average trading volume of 522,500 shares, the days-to-cover ratio is currently 0.1 days.

Grupo Financiero Banorte Stock Performance

Grupo Financiero Banorte stock traded up $0.14 during trading hours on Thursday, hitting $41.10. 164,623 shares of the stock traded hands, compared to its average volume of 52,679. The firm’s 50-day moving average price is $46.66 and its two-hundred day moving average price is $49.73. Grupo Financiero Banorte has a one year low of $35.22 and a one year high of $56.15.

Grupo Financiero Banorte Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 8th. Stockholders of record on Monday, July 1st will be issued a dividend of $2.2348 per share. This is a positive change from Grupo Financiero Banorte’s previous dividend of $1.35. The ex-dividend date is Monday, July 1st.

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.