Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Short Interest Up 31.0% in March

by · The Cerbat Gem

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF – Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,371,000 shares, a growth of 31.0% from the March 15th total of 1,046,400 shares. Based on an average daily volume of 6,300 shares, the short-interest ratio is currently 217.6 days.

Grupo Financiero Banorte Trading Down 0.3 %

Shares of OTCMKTS:GBOOF traded down $0.02 during trading on Friday, hitting $7.32. The stock had a trading volume of 113 shares, compared to its average volume of 28,632. The stock has a 50-day simple moving average of $7.30 and a two-hundred day simple moving average of $7.13. Grupo Financiero Banorte has a 12-month low of $6.10 and a 12-month high of $10.80.

About Grupo Financiero Banorte

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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.

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