Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Short Interest Update

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,638,900 shares, a decline of 20.9% from the October 31st total of 3,334,900 shares. Based on an average trading volume of 17,300 shares, the days-to-cover ratio is currently 152.5 days.

Grupo Financiero Banorte Stock Up 7.6 %

Shares of OTCMKTS:GBOOF traded up $0.47 during trading on Friday, hitting $6.75. 274,318 shares of the company were exchanged, compared to its average volume of 21,544. Grupo Financiero Banorte has a 12-month low of $6.20 and a 12-month high of $11.35. The firm’s 50 day moving average price is $7.21 and its 200-day moving average price is $7.73.

Grupo Financiero Banorte Company Profile

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.