Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Short Interest Down 10.4% in August

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 2,300,800 shares, a decrease of 10.4% from the August 15th total of 2,568,800 shares. Based on an average daily volume of 10,900 shares, the short-interest ratio is currently 211.1 days.

Grupo Financiero Banorte Price Performance

Shares of OTCMKTS GBOOF traded down $0.28 during mid-day trading on Tuesday, reaching $8.51. The company had a trading volume of 400 shares, compared to its average volume of 8,537. The stock has a fifty day moving average of $8.74 and a two-hundred day moving average of $8.49. Grupo Financiero Banorte has a 12-month low of $6.20 and a 12-month high of $9.67.

Grupo Financiero Banorte Company Profile

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers payroll accounts and credit cards; car, mortgage, payroll, and personal credit banorte; and savings and investment products. It also provides insurance products, including life, home, auto, health, savings, credit card, mobile equipment, and mortgage credit insurance; foreign exchange services; and online and mobile banking services.