Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Declines By 10.4%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOFGet Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 2,300,800 shares, a decline of 10.4% from the August 15th total of 2,568,800 shares. Based on an average trading volume of 10,900 shares, the days-to-cover ratio is currently 211.1 days.

Grupo Financiero Banorte Stock Performance

Shares of GBOOF traded down $0.28 on Tuesday, reaching $8.51. The stock had a trading volume of 400 shares, compared to its average volume of 8,537. Grupo Financiero Banorte has a twelve month low of $6.20 and a twelve month high of $9.67. The firm has a 50-day moving average of $8.74 and a 200 day moving average of $8.49.

About Grupo Financiero Banorte

(Get Free Report)

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers payroll accounts and credit cards; car, mortgage, payroll, and personal credit banorte; and savings and investment products. It also provides insurance products, including life, home, auto, health, savings, credit card, mobile equipment, and mortgage credit insurance; foreign exchange services; and online and mobile banking services.

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