Short Interest in Grupo Financiero Inbursa, S.A.B. de C.V. (OTCMKTS:GPFOF) Rises By 74.2%

Grupo Financiero Inbursa, S.A.B. de C.V. (OTCMKTS:GPFOF) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,441,400 shares, an increase of 74.2% from the October 15th total of 1,401,400 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 519.4 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group started coverage on shares of Grupo Financiero Inbursa in a research note on Monday, August 7th. They set a “buy” rating on the stock.

Grupo Financiero Inbursa Stock Performance

Shares of OTCMKTS:GPFOF opened at C$1.88 on Friday. Grupo Financiero Inbursa has a 12 month low of C$1.40 and a 12 month high of C$2.48. The company’s fifty day moving average price is C$1.98 and its 200 day moving average price is C$2.20.

Grupo Financiero Inbursa Company Profile

Grupo Financiero Inbursa, SAB. de C.V. provides various financial products and services to individuals and businesses in Mexico. The company offers mortgage, automotive, SME, and personal credits; accounts and investment products; credit cards; and car, lifetime, medical expenses, damage, and other insurance products.