Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Drops By 20.9%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 89,000 shares, a drop of 20.9% from the January 31st total of 112,500 shares. Based on an average daily volume of 80,700 shares, the days-to-cover ratio is currently 1.1 days.

Grupo Financiero Banorte Stock Up 0.7 %

OTCMKTS:GBOOY traded up $0.25 during trading hours on Wednesday, hitting $36.09. 49,898 shares of the company were exchanged, compared to its average volume of 57,776. The company’s 50 day moving average price is $35.44 and its 200-day moving average price is $35.49. Grupo Financiero Banorte has a 52-week low of $30.00 and a 52-week high of $56.15.

Grupo Financiero Banorte Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8627 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Grupo Financiero Banorte

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.