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

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 21,317 shares, a growth of 37.3% from the January 15th total of 15,525 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 155,175 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 155,175 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Grupo Financiero Banorte SAB de CV from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Grupo Financiero Banorte SAB de CV Stock Up 2.4%

GBOOY traded up $1.40 during midday trading on Monday, reaching $59.76. The company’s stock had a trading volume of 49,265 shares, compared to its average volume of 83,510. The stock’s 50-day moving average is $51.60 and its 200-day moving average is $48.73. Grupo Financiero Banorte SAB de CV has a 1 year low of $32.00 and a 1 year high of $62.89. The firm has a market capitalization of $33.62 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 1.13 and a beta of 0.81. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.41.

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

Grupo Financiero Banorte SAB de CV Company Profile

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.