Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Short Interest Down 20.9% in November

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,638,900 shares, a drop of 20.9% from the October 31st total of 3,334,900 shares. Based on an average daily volume of 17,300 shares, the days-to-cover ratio is currently 152.5 days.

Grupo Financiero Banorte Stock Performance

OTCMKTS GBOOF traded down $0.05 during mid-day trading on Monday, reaching $6.70. 69,331 shares of the stock were exchanged, compared to its average volume of 21,756. Grupo Financiero Banorte has a 1 year low of $6.20 and a 1 year high of $11.35. The business’s 50 day moving average is $7.21 and its 200-day moving average is $7.69.

Grupo Financiero Banorte Company Profile

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.