Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Sees Significant Drop in Short Interest

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,227,600 shares, a drop of 16.1% from the January 15th total of 1,462,900 shares. Based on an average daily trading volume, of 68,800 shares, the days-to-cover ratio is presently 17.8 days.

Grupo Financiero Banorte Stock Performance

GBOOF stock traded up $0.17 during mid-day trading on Monday, reaching $7.48. The company had a trading volume of 5,242 shares, compared to its average volume of 25,474. Grupo Financiero Banorte has a one year low of $6.10 and a one year high of $11.35. The stock’s 50-day simple moving average is $6.96 and its two-hundred day simple moving average is $7.10.

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.