Short Interest in Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Drops By 17.9%

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 38,364 shares, a drop of 17.9% from the November 30th total of 46,710 shares. Based on an average daily volume of 44,873 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 44,873 shares, the short-interest ratio is currently 0.9 days.

Grupo Financiero Banorte SAB de CV Trading Up 0.1%

GBOOY opened at $46.42 on Friday. The stock has a market capitalization of $26.12 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 1.40 and a beta of 0.83. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.41. Grupo Financiero Banorte SAB de CV has a twelve month low of $31.02 and a twelve month high of $56.06. The company has a 50-day simple moving average of $47.68 and a 200 day simple moving average of $46.71.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its earnings results on Wednesday, November 5th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.18). Grupo Financiero Banorte SAB de CV had a net margin of 12.92% and a return on equity of 21.99%. Analysts predict that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.