Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Sees Large Increase in Short Interest

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) saw a large growth in short interest in August. As of August 15th, there was short interest totalling 11,000 shares, a growth of 10,900.0% from the July 31st total of 100 shares. Based on an average daily trading volume, of 72,100 shares, the days-to-cover ratio is currently 0.2 days.

Grupo Financiero Banorte Stock Performance

GBOOY stock opened at $33.62 on Wednesday. Grupo Financiero Banorte has a 52 week low of $33.46 and a 52 week high of $56.15. The firm’s 50-day moving average is $38.97 and its two-hundred day moving average is $46.25.

Grupo Financiero Banorte Increases Dividend

The business also recently declared a dividend, which was paid on Monday, July 8th. Shareholders of record on Monday, July 1st were given a dividend of $2.2348 per share. This is an increase from Grupo Financiero Banorte’s previous dividend of $1.35. The ex-dividend date was Monday, July 1st.

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.