Grupo Financiero Inbursa, S.A.B. de C.V. (OTCMKTS:GPFOF) Sees Significant Drop in Short Interest

Grupo Financiero Inbursa, S.A.B. de C.V. (OTCMKTS:GPFOF) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 983,849 shares, a drop of 74.9% from the May 14th total of 3,915,127 shares. Based on an average daily volume of 1,483 shares, the days-to-cover ratio is currently 663.4 days.

Grupo Financiero Inbursa Stock Performance

GPFOF traded down C$0.13 during trading hours on Friday, hitting C$2.33. 4,500 shares of the stock were exchanged, compared to its average volume of 2,844. The stock has a 50-day simple moving average of C$2.50 and a 200-day simple moving average of C$2.47. Grupo Financiero Inbursa has a 12 month low of C$1.99 and a 12 month high of C$2.78.

Grupo Financiero Inbursa Company Profile

Grupo Financiero Inbursa, SAB. de C.V. (OTCMKTS: GPFOF) is a diversified Mexican financial holding company controlled by Grupo Carso and ultimately by entrepreneur Carlos Slim Helú. The firm provides a comprehensive suite of financial services to both retail and corporate clients through its banking, insurance, pensions, asset management and brokerage operations. Inbursa’s integrated platform allows clients to access credit, savings, investment and risk?protection products under one umbrella.

Within its banking arm, Inbursa offers personal and commercial loans, mortgage financing and deposit accounts, while its insurance division underwrites life, health and property?casualty policies.