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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totalling 2,817,000 shares, a decrease of 63.9% from the May 31st total of 7,792,800 shares. Based on an average daily trading volume, of 175,600 shares, the days-to-cover ratio is presently 16.0 days.

Grupo Financiero Banorte Stock Performance

Shares of OTCMKTS GBOOF opened at $7.90 on Friday. The firm’s 50-day moving average price is $9.25 and its 200-day moving average price is $9.99. Grupo Financiero Banorte has a 12-month low of $7.07 and a 12-month high of $11.35.

About Grupo Financiero Banorte

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.