Short Interest in Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Drops By 33.7%

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 52,800 shares, a drop of 33.7% from the June 30th total of 79,674 shares. Based on an average daily trading volume, of 87,238 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Grupo Financiero Banorte SAB de CV Stock Down 0.2%

Shares of OTCMKTS GBOOY opened at $57.72 on Friday. The firm’s 50-day simple moving average is $53.66 and its 200 day simple moving average is $54.89. The company has a market cap of $32.48 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 1.28 and a beta of 0.71. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.42. Grupo Financiero Banorte SAB de CV has a 12-month low of $41.70 and a 12-month high of $62.89.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.29 billion. Grupo Financiero Banorte SAB de CV had a net margin of 14.97% and a return on equity of 22.25%. On average, research analysts expect that Grupo Financiero Banorte SAB de CV will post 6.43 earnings per share for the current fiscal year.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.