Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Short Interest Up 47.9% in August

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 4,658,700 shares, a growth of 47.9% from the August 15th total of 3,149,000 shares. Based on an average trading volume of 172,800 shares, the days-to-cover ratio is currently 27.0 days.

Shares of OTCMKTS:GBOOF opened at $6.25 on Tuesday. The business has a 50 day moving average of $6.45 and a two-hundred day moving average of $6.25. Grupo Financiero Banorte has a 12-month low of $3.05 and a 12-month high of $7.99.

About Grupo Financiero Banorte

Grupo Financiero Banorte SAB de CV is a holding company, which engages in the provision of banking services. It operates through the following segments: Holding, Banorte, Savings and Forecast, Landlord and Factor, Storage, and Brokerage house Banorte. The company was founded in 1899 and is headquartered in Mexico City, Mexico.

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