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

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 38,364 shares, a decline 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 presently 0.9 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 44,873 shares, the short-interest ratio is presently 0.9 days.

Grupo Financiero Banorte SAB de CV Stock Performance

GBOOY stock traded up $0.20 during trading hours on Wednesday, reaching $46.59. The stock had a trading volume of 12,832 shares, compared to its average volume of 35,844. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a 50-day simple moving average of $47.69 and a 200 day simple moving average of $46.72. Grupo Financiero Banorte SAB de CV has a fifty-two week low of $31.02 and a fifty-two week high of $56.06. The stock has a market capitalization of $26.21 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.18). Grupo Financiero Banorte SAB de CV had a return on equity of 21.99% and a net margin of 12.92%. Analysts predict that Grupo Financiero Banorte SAB de CV will post 4.84 EPS 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.