Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 2,390 shares, a decrease of 96.4% from the September 30th total of 66,250 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 191,542 shares, the short-interest ratio is currently 0.0 days.
Wall Street Analyst Weigh In
Separately, Zacks Research cut shares of Grupo Financiero Banorte SAB de CV from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on GBOOY
Grupo Financiero Banorte SAB de CV Trading Up 0.8%
Shares of GBOOY traded up $0.48 during trading hours on Monday, hitting $57.66. 41,280 shares of the stock traded hands, compared to its average volume of 54,612. The business has a fifty day moving average of $55.50 and a 200-day moving average of $55.04. The firm has a market capitalization of $32.44 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 1.33 and a beta of 0.71. Grupo Financiero Banorte SAB de CV has a 1-year low of $45.00 and a 1-year high of $63.81. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.64.
About Grupo Financiero Banorte SAB de CV
Grupo Financiero Banorte, SAB. de C.V. is a Mexico-based financial services holding company and the parent organization of Grupo Financiero Banorte. Through its subsidiaries, the group provides banking, insurance, retirement savings, investment, brokerage and other financial services to individuals, small and medium-sized businesses, corporations and government entities.
Its principal banking subsidiary, Banco Mercantil del Norte, operates under the Banorte brand and offers deposit accounts, consumer and commercial loans, mortgages, credit cards, payment services, investment products and digital banking.
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