Grupo Financiero Inbursa, S.A.B. de C.V. (OTCMKTS:GPFOF) Sees Significant Decrease in Short Interest

Grupo Financiero Inbursa, S.A.B. de C.V. (OTCMKTS:GPFOF) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 983,849 shares, a drop of 74.9% from the May 14th total of 3,915,127 shares. Based on an average daily trading volume, of 1,483 shares, the short-interest ratio is currently 663.4 days.

Grupo Financiero Inbursa Price Performance

OTCMKTS GPFOF remained flat at C$2.46 during trading hours on Thursday. The company’s stock had a trading volume of 500 shares, compared to its average volume of 2,797. Grupo Financiero Inbursa has a 1 year low of C$1.99 and a 1 year high of C$2.78. The business has a fifty day moving average of C$2.50 and a two-hundred day moving average of C$2.47.

About Grupo Financiero Inbursa

Grupo Financiero Inbursa, SAB. de C.V. (OTCMKTS: GPFOF) is a diversified Mexican financial holding company controlled by Grupo Carso and ultimately by entrepreneur Carlos Slim Helú. The firm provides a comprehensive suite of financial services to both retail and corporate clients through its banking, insurance, pensions, asset management and brokerage operations. Inbursa’s integrated platform allows clients to access credit, savings, investment and risk?protection products under one umbrella.

Within its banking arm, Inbursa offers personal and commercial loans, mortgage financing and deposit accounts, while its insurance division underwrites life, health and property?casualty policies.