Short Interest in Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Increases By 42.4%

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 15,525 shares, a growth of 42.4% from the December 31st total of 10,903 shares. Based on an average daily trading volume, of 85,915 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 85,915 shares, the days-to-cover ratio is presently 0.2 days.

Grupo Financiero Banorte SAB de CV Stock Performance

Shares of GBOOY opened at $56.32 on Friday. The stock has a market capitalization of $31.69 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.63 and a beta of 0.83. The business’s fifty day moving average price is $49.33 and its 200 day moving average price is $47.63. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.23 and a quick ratio of 0.23. Grupo Financiero Banorte SAB de CV has a 12-month low of $32.00 and a 12-month high of $60.70.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its earnings results on Tuesday, January 27th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. Grupo Financiero Banorte SAB de CV had a net margin of 13.50% and a return on equity of 22.20%. The company had revenue of $2.30 billion for the quarter. Equities research analysts forecast that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Grupo Financiero Banorte SAB de CV from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

About Grupo Financiero Banorte SAB de CV

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.