Short Interest in Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Drops By 42.8%

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 7,217 shares, a decline of 42.8% from the July 30th total of 12,615 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 55,482 shares, the short-interest ratio is presently 0.1 days.

Grupo Financiero Banorte SAB de CV Price Performance

Shares of OTCMKTS GBOOY traded down $0.40 during midday trading on Friday, reaching $55.96. The company’s stock had a trading volume of 19,686 shares, compared to its average volume of 41,216. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average price of $54.85 and a 200 day moving average price of $55.14. Grupo Financiero Banorte SAB de CV has a one year low of $43.73 and a one year high of $63.81. The company has a market cap of $31.49 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 1.23 and a beta of 0.70.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its earnings results on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.58 by $0.01. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.29 billion. Grupo Financiero Banorte SAB de CV had a net margin of 14.97% and a return on equity of 22.25%. On average, equities research analysts expect that Grupo Financiero Banorte SAB de CV will post 6.46 EPS for the current year.

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.