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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 3,514,101 shares, a decline of 47.5% from the May 14th total of 6,699,706 shares. Based on an average trading volume of 44,487 shares, the short-interest ratio is currently 79.0 days.

Grupo Financiero Banorte Trading Up 0.3%

Shares of OTCMKTS GBOOF traded up $0.04 during mid-day trading on Monday, reaching $10.69. 5,179 shares of the company’s stock were exchanged, compared to its average volume of 17,882. The business has a fifty day simple moving average of $11.08 and a 200 day simple moving average of $10.77. Grupo Financiero Banorte has a twelve month low of $8.27 and a twelve month high of $13.25.

About Grupo Financiero Banorte

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is one of Mexico’s largest diversified financial groups. Founded in 1899 as Banco Mercantil de Monterrey, the company has expanded through both organic growth and strategic acquisitions to build a broad national presence. Headquartered in Monterrey, Nuevo León, Banorte operates under a universal banking model, integrating traditional banking services with a range of complementary financial offerings.

Banorte’s core activities encompass retail and commercial banking, where it provides deposit accounts, consumer and mortgage lending, and financing solutions for small and medium-sized enterprises.