Short Interest in Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Rises By 86.1%

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 51,352 shares, an increase of 86.1% from the February 12th total of 27,601 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 73,620 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 73,620 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Grupo Financiero Banorte SAB de CV Stock Performance

OTCMKTS:GBOOY opened at $52.62 on Friday. The company has a 50-day moving average of $55.03 and a 200-day moving average of $50.28. The firm has a market cap of $29.61 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 1.00 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 has a twelve month low of $32.00 and a twelve month high of $62.89.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its earnings results on Tuesday, January 27th. The company reported $1.54 EPS for the quarter, topping 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 business had revenue of $2.30 billion for the quarter. Analysts forecast that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of 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 MarketBeat, Grupo Financiero Banorte SAB de CV has a consensus rating of “Strong Buy”.

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.