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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOYGet Rating) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 400 shares, a decline of 33.3% from the May 15th total of 600 shares. Based on an average daily volume of 46,000 shares, the days-to-cover ratio is currently 0.0 days.

Shares of OTCMKTS:GBOOY traded down $0.68 during trading on Tuesday, hitting $28.66. 206,642 shares of the company were exchanged, compared to its average volume of 20,461. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.57 and a beta of 1.20. Grupo Financiero Banorte has a fifty-two week low of $27.72 and a fifty-two week high of $39.76. The firm has a fifty day moving average price of $33.26 and a two-hundred day moving average price of $33.33. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

The firm also recently announced a dividend, which was paid on Friday, June 10th. Investors of record on Thursday, June 2nd were issued a dividend of $1.5109 per share. The ex-dividend date was Wednesday, June 1st. This is a positive change from Grupo Financiero Banorte’s previous dividend of $0.60. This represents a dividend yield of 6%. Grupo Financiero Banorte’s payout ratio is presently 63.52%.

About Grupo Financiero Banorte (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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