Significant Rise in Short Interest for Grupo Financiero Banorte, S.A.B. de C.V.

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report) experienced a notable increase in short interest during January. By January 31st, the total short interest reached 112,500 shares, marking a substantial rise of 19.3% compared to the 94,300 shares reported on January 15th. Currently, with an average daily trading volume of 155,000 shares, the short-interest ratio stands at 0.7 days.

Stock Performance of Grupo Financiero Banorte

On a recent trading day, the shares of Grupo Financiero Banorte traded up by $0.53, reaching a price of $37.26. A total of 76,357 shares changed hands, surpassing the company's average trading volume of 64,233 shares. Over the last fifty-two weeks, the stock has fluctuated, recording a low of $30.00 and a high of $56.15. The fifty-day moving average for the stock is currently $34.82, while the two-hundred-day moving average is $35.47.

Dividend Declaration

Additionally, Grupo Financiero Banorte announced a dividend which was distributed on December 31st. Shareholders on record as of December 23rd received a dividend of $0.8627. The ex-dividend date was also set on December 23rd.

About Grupo Financiero Banorte

Grupo Financiero Banorte, S.A.B. de C.V. is engaged in the banking and financial sectors, providing a wide range of products and services both in Mexico and internationally. The company offers various types of accounts, including checking, savings, retirement, and payroll accounts. It also provides multiple loan options like mortgage, auto, personal, structured, and SME loans, alongside credit card services, financing for letters of credit, acquisition funding, and international trade financing.

banorte, stocks, finance