Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Rises By 520.0%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 3,100 shares, an increase of 520.0% from the December 15th total of 500 shares. Based on an average daily trading volume, of 186,400 shares, the short-interest ratio is currently 0.0 days.

Grupo Financiero Banorte Price Performance

GBOOY traded up $0.72 during midday trading on Wednesday, reaching $35.07. The company’s stock had a trading volume of 44,721 shares, compared to its average volume of 77,167. Grupo Financiero Banorte has a 1 year low of $30.00 and a 1 year high of $56.15. The stock’s 50-day moving average is $34.34 and its 200-day moving average is $36.21.

Grupo Financiero Banorte Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8627 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.