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

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 27,601 shares, an increase of 29.5% from the January 29th total of 21,317 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 168,784 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 168,784 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Grupo Financiero Banorte SAB de CV Stock Performance

Shares of Grupo Financiero Banorte SAB de CV stock opened at $53.62 on Wednesday. Grupo Financiero Banorte SAB de CV has a 12 month low of $32.00 and a 12 month high of $62.89. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.41. The stock has a market cap of $30.17 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.05 and a beta of 0.81. The business has a fifty day simple moving average of $53.94 and a 200-day simple moving average of $49.81.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.54 EPS for the quarter, beating 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 firm had revenue of $2.30 billion for the quarter. On average, sell-side analysts anticipate that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current fiscal 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.