Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Declines By 99.9%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 100 shares, a drop of 99.9% from the July 15th total of 89,200 shares. Based on an average daily trading volume, of 165,000 shares, the days-to-cover ratio is currently 0.0 days.

Grupo Financiero Banorte Trading Up 2.5 %

Shares of OTCMKTS GBOOY opened at $36.98 on Wednesday. Grupo Financiero Banorte has a 12-month low of $33.47 and a 12-month high of $56.15. The stock has a fifty day moving average price of $39.34 and a 200 day moving average price of $47.38.

Grupo Financiero Banorte Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, July 8th. Stockholders of record on Monday, July 1st were paid a dividend of $2.2348 per share. The ex-dividend date of this dividend was Monday, July 1st. This is an increase from Grupo Financiero Banorte’s previous dividend of $1.35.

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.