Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Short Interest Up 75.2% in September

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 21,200 shares, an increase of 75.2% from the August 31st total of 12,100 shares. Based on an average daily trading volume, of 101,100 shares, the days-to-cover ratio is currently 0.2 days.

Grupo Financiero Banorte Price Performance

Shares of Grupo Financiero Banorte stock traded down $1.25 during trading hours on Friday, hitting $35.55. The company’s stock had a trading volume of 28,547 shares, compared to its average volume of 56,936. The business has a 50 day moving average price of $36.23 and a two-hundred day moving average price of $43.45. Grupo Financiero Banorte has a 12-month low of $32.40 and a 12-month high of $56.15.

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.