Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Expands By 15.3%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 6,788,971 shares, a growth of 15.3% from the February 12th total of 5,888,454 shares. Based on an average daily trading volume, of 28,144 shares, the days-to-cover ratio is currently 241.2 days. Based on an average daily trading volume, of 28,144 shares, the days-to-cover ratio is currently 241.2 days.

Grupo Financiero Banorte Stock Up 4.5%

Shares of GBOOF stock opened at $11.08 on Tuesday. The stock’s fifty day simple moving average is $11.10 and its 200 day simple moving average is $10.19. Grupo Financiero Banorte has a one year low of $6.25 and a one year high of $13.25.

Grupo Financiero Banorte Company Profile

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is one of Mexico’s largest diversified financial groups. Founded in 1899 as Banco Mercantil de Monterrey, the company has expanded through both organic growth and strategic acquisitions to build a broad national presence. Headquartered in Monterrey, Nuevo León, Banorte operates under a universal banking model, integrating traditional banking services with a range of complementary financial offerings.

Banorte’s core activities encompass retail and commercial banking, where it provides deposit accounts, consumer and mortgage lending, and financing solutions for small and medium-sized enterprises.