Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Short Interest Update

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 3,957,453 shares, a decrease of 37.5% from the July 30th total of 6,330,176 shares. Based on an average daily trading volume, of 25,744 shares, the days-to-cover ratio is presently 153.7 days.

Grupo Financiero Banorte Price Performance

GBOOF stock traded up $0.15 during midday trading on Tuesday, reaching $11.61. The stock had a trading volume of 1,021 shares, compared to its average volume of 15,562. Grupo Financiero Banorte has a twelve month low of $8.84 and a twelve month high of $13.25. The business has a fifty day simple moving average of $11.07 and a two-hundred day simple moving average of $11.10.

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.