Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Short Interest Down 34.2% in February

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 1,490,000 shares, a decrease of 34.2% from the February 13th total of 2,263,500 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is currently 123.1 days.

Grupo Financiero Banorte Price Performance

GBOOF traded up $0.58 during midday trading on Friday, reaching $7.62. 3,949 shares of the company were exchanged, compared to its average volume of 39,065. The stock’s 50-day simple moving average is $7.20 and its 200 day simple moving average is $7.11. Grupo Financiero Banorte has a one year low of $6.10 and a one year high of $11.29.

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.