Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sees Significant Increase in Short Interest

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 13,474 shares, a growth of 54.7% from the August 31st total of 8,708 shares. Based on an average daily volume of 53,551 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Grupo Financiero Banorte SAB de CV Stock Down 2.6%

Shares of GBOOY opened at $51.18 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $56.49 and a two-hundred day moving average price of $55.07. The stock has a market cap of $28.80 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 1.16 and a beta of 0.71. Grupo Financiero Banorte SAB de CV has a 12 month low of $45.00 and a 12 month high of $63.81.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.01. Grupo Financiero Banorte SAB de CV had a return on equity of 22.30% and a net margin of 14.97%.The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.29 billion. Equities analysts predict that Grupo Financiero Banorte SAB de CV will post 6.45 EPS for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte, SAB. de C.V. is a Mexico-based financial services holding company whose principal business is conducted through Banco Mercantil del Norte, commonly known as Banorte. The group provides banking services to individuals, businesses, corporations and government entities, including deposit accounts, consumer and commercial lending, mortgages, payment services, cash management and electronic banking.

Through its affiliated companies, Grupo Financiero Banorte also offers brokerage and investment banking services, insurance products, pension and retirement administration, leasing, factoring and other financial services.