Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Stock Short Interest Climbs 391.7%

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 66,250 shares, a growth of 391.7% from the September 15th total of 13,474 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 74,293 shares, the short-interest ratio is presently 0.9 days.

Grupo Financiero Banorte SAB de CV Stock Down 0.9%

OTCMKTS GBOOY opened at $51.63 on Friday. Grupo Financiero Banorte SAB de CV has a 12 month low of $45.00 and a 12 month high of $63.81. The company has a market capitalization of $29.05 billion, a P/E ratio of 8.71, a PEG ratio of 1.17 and a beta of 0.71. The company’s 50 day simple moving average is $55.96 and its 200 day simple moving average is $55.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.77 and a quick ratio of 0.77.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its earnings results on Tuesday, July 21st. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Grupo Financiero Banorte SAB de CV had a net margin of 14.97% and a return on equity of 22.30%. Equities research analysts expect that Grupo Financiero Banorte SAB de CV will post 6.35 earnings per share for the current fiscal year.

Grupo Financiero Banorte SAB de CV Company Profile

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.