Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sees Large Increase in Short Interest

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 15,525 shares, a growth of 42.4% from the December 31st total of 10,903 shares. Based on an average daily trading volume, of 85,915 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 85,915 shares, the short-interest ratio is presently 0.2 days.

Grupo Financiero Banorte SAB de CV Price Performance

Shares of OTCMKTS:GBOOY opened at $58.62 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.23. The business’s fifty day moving average price is $49.58 and its two-hundred day moving average price is $47.76. The stock has a market cap of $32.98 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81. Grupo Financiero Banorte SAB de CV has a one year low of $32.00 and a one year high of $60.70.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. The business had revenue of $2.30 billion for the quarter. Grupo Financiero Banorte SAB de CV had a return on equity of 22.20% and a net margin of 13.50%. On average, analysts forecast that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Grupo Financiero Banorte SAB de CV from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

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.