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

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

Grupo Financiero Banorte Price Performance

GBOOY traded down $1.25 during trading on Friday, reaching $35.55. The company’s stock had a trading volume of 28,547 shares, compared to its average volume of 56,936. Grupo Financiero Banorte has a 52-week low of $32.40 and a 52-week high of $56.15. The company’s fifty day moving average price is $36.23 and its 200-day moving average price is $43.45.

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.