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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 7,609,000 shares, a growth of 188.3% from the November 15th total of 2,638,900 shares. Based on an average trading volume of 142,900 shares, the short-interest ratio is presently 53.2 days.

Grupo Financiero Banorte Stock Up 0.9 %

GBOOF traded up $0.07 during midday trading on Friday, reaching $6.92. 2,541 shares of the company’s stock were exchanged, compared to its average volume of 21,245. Grupo Financiero Banorte has a one year low of $6.20 and a one year high of $11.35. The business has a 50-day simple moving average of $7.12 and a two-hundred day simple moving average of $7.52.

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.