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 during the month of February. As of February 27th, there was short interest totaling 51,352 shares, a growth of 86.1% from the February 12th total of 27,601 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 73,620 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 73,620 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

Grupo Financiero Banorte SAB de CV Trading Down 4.1%

Shares of Grupo Financiero Banorte SAB de CV stock opened at $52.57 on Friday. The firm’s 50 day moving average is $54.93 and its 200 day moving average is $50.22. The firm has a market capitalization of $29.58 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 1.04 and a beta of 0.81. Grupo Financiero Banorte SAB de CV has a 1 year low of $32.00 and a 1 year high of $62.89. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.41.

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

Grupo Financiero Banorte SAB de CV Company Profile

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.