Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Short Interest Update

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 21,317 shares, an increase of 37.3% from the January 15th total of 15,525 shares. Based on an average daily trading volume, of 155,175 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 155,175 shares, the days-to-cover ratio is presently 0.1 days.

Grupo Financiero Banorte SAB de CV Price Performance

Grupo Financiero Banorte SAB de CV stock opened at $59.76 on Tuesday. The business’s 50-day simple moving average is $51.83 and its 200 day simple moving average is $48.83. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.41. The stock has a market cap of $33.62 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.13 and a beta of 0.81. Grupo Financiero Banorte SAB de CV has a 12-month low of $32.00 and a 12-month high of $62.89.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its earnings results on Tuesday, January 27th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. The company had revenue of $2.30 billion for the quarter. Grupo Financiero Banorte SAB de CV had a net margin of 13.50% and a return on equity of 22.20%. As a group, research analysts anticipate that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.