Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Expands By 34.1%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOFGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 3,081,300 shares, an increase of 34.1% from the April 15th total of 2,297,600 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 1,621.7 days.

Shares of GBOOF stock opened at $6.00 on Monday. Grupo Financiero Banorte has a twelve month low of $5.41 and a twelve month high of $8.00. The stock’s fifty day simple moving average is $6.97 and its 200 day simple moving average is $6.64.

Grupo Financiero Banorte Company Profile (Get Rating)

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers time and demand deposits; car, payroll, consumer, and corporate loans; mortgages; and debit and credit cards. It also provides medical, personal accident, and life insurance products; and retirement fund management services.

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