Short Interest in Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Drops By 82.8%

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 9,606 shares, a decrease of 82.8% from the April 15th total of 55,875 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 79,148 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research downgraded Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Grupo Financiero Banorte SAB de CV Trading Down 0.2%

Shares of GBOOY traded down $0.12 during mid-day trading on Tuesday, reaching $55.65. 3,851 shares of the company’s stock traded hands, compared to its average volume of 55,663. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.23 and a quick ratio of 0.23. The stock’s 50-day moving average is $55.17 and its two-hundred day moving average is $52.37. Grupo Financiero Banorte SAB de CV has a 12 month low of $41.70 and a 12 month high of $62.89. The stock has a market cap of $31.31 billion, a P/E ratio of 9.81, a P/E/G ratio of 1.05 and a beta of 0.71.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.39 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 22.95% and a net margin of 14.23%. Research analysts forecast that Grupo Financiero Banorte SAB de CV will post 6.47 earnings per share for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

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.