Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Short Interest Up 8.2% in October

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 3,333,200 shares, an increase of 8.2% from the September 30th total of 3,079,700 shares. Based on an average daily trading volume, of 11,700 shares, the days-to-cover ratio is currently 284.9 days.

Grupo Financiero Banorte Stock Down 4.4 %

Shares of OTCMKTS GBOOF traded down $0.30 during trading on Wednesday, hitting $6.57. The company had a trading volume of 106,184 shares, compared to its average volume of 19,985. Grupo Financiero Banorte has a fifty-two week low of $6.52 and a fifty-two week high of $11.35. The stock has a fifty day simple moving average of $7.26 and a two-hundred day simple moving average of $8.22.

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.