Short Interest in Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Rises By 86.1%

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 51,352 shares, an increase of 86.1% from the February 12th total of 27,601 shares. Based on an average daily volume of 73,620 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 73,620 shares, the short-interest ratio is presently 0.7 days.

Grupo Financiero Banorte SAB de CV Stock Performance

Shares of GBOOY opened at $52.62 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market capitalization of $29.61 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 1.00 and a beta of 0.81. Grupo Financiero Banorte SAB de CV has a 52-week low of $32.00 and a 52-week high of $62.89. The stock’s 50-day simple moving average is $55.03 and its 200 day simple moving average is $50.32.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. Grupo Financiero Banorte SAB de CV had a return on equity of 22.20% and a net margin of 13.50%.The firm had revenue of $2.30 billion for the quarter. Research analysts forecast that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Grupo Financiero Banorte SAB de CV from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Grupo Financiero Banorte SAB de CV presently has an average rating of “Strong Buy”.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.