Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 2,390 shares, a drop of 96.4% from the September 30th total of 66,250 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 191,542 shares, the short-interest ratio is currently 0.0 days.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered 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 MarketBeat, the stock has an average rating of “Sell”.
Check Out Our Latest Stock Report on GBOOY
Grupo Financiero Banorte SAB de CV Stock Up 0.8%
Grupo Financiero Banorte SAB de CV stock opened at $57.66 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.77 and a current ratio of 0.77. Grupo Financiero Banorte SAB de CV has a one year low of $45.00 and a one year high of $63.81. The company has a 50-day simple moving average of $55.49 and a 200-day simple moving average of $55.02. The firm has a market capitalization of $32.44 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.33 and a beta of 0.71.
Grupo Financiero Banorte SAB de CV Company Profile
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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