Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Sees Significant Decline in Short Interest

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 13,900 shares, a decline of 86.1% from the February 28th total of 100,100 shares. Based on an average daily volume of 56,500 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Grupo Financiero Banorte Price Performance

Shares of OTCMKTS GBOOY traded up $0.27 during trading hours on Thursday, reaching $36.07. 27,987 shares of the stock were exchanged, compared to its average volume of 48,896. The stock’s fifty day simple moving average is $36.31 and its 200 day simple moving average is $35.65. Grupo Financiero Banorte has a 52 week low of $30.00 and a 52 week high of $56.15.

About Grupo Financiero Banorte

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.