Grupo Financiero Inbursa, S.A.B. de C.V. (OTCMKTS:GPFOF – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 438,305 shares, an increase of 87.0% from the September 30th total of 234,371 shares. Based on an average daily volume of 3,623 shares, the days-to-cover ratio is presently 121.0 days.
Grupo Financiero Inbursa Price Performance
Grupo Financiero Inbursa stock remained flat at C$2.45 during mid-day trading on Monday. 102 shares of the company’s stock were exchanged, compared to its average volume of 2,207. The stock’s 50 day simple moving average is C$2.44 and its 200 day simple moving average is C$2.46. Grupo Financiero Inbursa has a 12-month low of C$1.99 and a 12-month high of C$2.70.
About Grupo Financiero Inbursa
Grupo Financiero Inbursa, SAB. de C.V. is a Mexico-based financial services group that provides banking, insurance, investment, and related financial products. Through its subsidiaries, the company serves individuals, businesses, and institutional customers across Mexico.
Its principal operations include Banco Inbursa, which offers deposit accounts, loans, credit cards, mortgages, corporate banking, and other financial services. The group also provides insurance products through Seguros Inbursa, including coverage for automobiles, property, life, health, and businesses.
Grupo Financiero Inbursa’s other activities include securities brokerage, investment fund management, wealth management, and retirement-related financial services.
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