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) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 500 shares, a decrease of 96.9% from the November 30th total of 15,900 shares. Based on an average trading volume of 130,300 shares, the short-interest ratio is presently 0.0 days.

Grupo Financiero Banorte Price Performance

Shares of OTCMKTS:GBOOY traded down $0.68 on Friday, reaching $33.15. 267,206 shares of the company traded hands, compared to its average volume of 57,655. Grupo Financiero Banorte has a fifty-two week low of $30.00 and a fifty-two week high of $56.15. The company’s 50 day moving average is $34.71 and its 200-day moving average is $36.72.

Grupo Financiero Banorte Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a dividend of $0.8627 per share. The ex-dividend date 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.