Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Sees Significant Decrease in Short Interest

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 500 shares, a decline of 96.9% from the November 30th total of 15,900 shares. Based on an average daily trading volume, of 130,300 shares, the days-to-cover ratio is currently 0.0 days.

Grupo Financiero Banorte Price Performance

Shares of GBOOY stock traded down $0.68 on Friday, hitting $33.15. The stock had a trading volume of 267,206 shares, compared to its average volume of 57,655. The company’s 50 day moving average price is $34.71 and its 200-day moving average price is $36.72. Grupo Financiero Banorte has a 1 year low of $30.00 and a 1 year high of $56.15.

Grupo Financiero Banorte Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.8627 per share. The ex-dividend date of this dividend is Monday, December 23rd.

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.