Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Short Interest Down 33.7% in July

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 52,800 shares, a decline of 33.7% from the June 30th total of 79,674 shares. Based on an average daily trading volume, of 87,238 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Grupo Financiero Banorte SAB de CV Trading Up 2.5%

Shares of Grupo Financiero Banorte SAB de CV stock opened at $57.81 on Friday. The firm has a 50-day simple moving average of $53.61 and a two-hundred day simple moving average of $54.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.79. Grupo Financiero Banorte SAB de CV has a fifty-two week low of $41.70 and a fifty-two week high of $62.89. The company has a market cap of $32.53 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 1.25 and a beta of 0.71.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its earnings results on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. Grupo Financiero Banorte SAB de CV had a return on equity of 22.25% and a net margin of 14.97%.The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.29 billion. As a group, equities analysts predict that Grupo Financiero Banorte SAB de CV will post 6.43 earnings per share for the current fiscal year.

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.