Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Short Interest Update

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 5,355 shares, a decline of 44.3% from the April 30th total of 9,606 shares. Based on an average daily trading volume, of 70,770 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Grupo Financiero Banorte SAB de CV Stock Performance

Shares of OTCMKTS:GBOOY traded up $0.80 during mid-day trading on Tuesday, reaching $52.75. The company had a trading volume of 102,048 shares, compared to its average volume of 58,119. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.98 and a beta of 0.71. The company’s 50-day moving average price is $55.26 and its 200-day moving average price is $53.12. Grupo Financiero Banorte SAB de CV has a one year low of $41.70 and a one year high of $62.89.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.39 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 22.08% and a net margin of 14.23%. As a group, equities research analysts anticipate that Grupo Financiero Banorte SAB de CV will post 6.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.