Short Interest in Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Drops By 82.8%

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 9,606 shares, a decline of 82.8% from the April 15th total of 55,875 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 79,148 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Grupo Financiero Banorte SAB de CV Stock Down 0.2%

Shares of GBOOY stock traded down $0.12 on Tuesday, hitting $55.65. The stock had a trading volume of 3,851 shares, compared to its average volume of 55,663. Grupo Financiero Banorte SAB de CV has a one year low of $41.70 and a one year high of $62.89. The business has a 50 day moving average price of $55.17 and a 200 day moving average price of $52.37. The company has a market cap of $31.31 billion, a PE ratio of 9.81, a P/E/G ratio of 1.05 and a beta of 0.71. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.41.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its earnings results on Tuesday, April 21st. The company reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.07). The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.39 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 22.95% and a net margin of 14.23%. Research analysts anticipate that Grupo Financiero Banorte SAB de CV will post 6.47 earnings per share for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

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.