Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Short Interest Update

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 63,759 shares, a growth of 1,090.6% from the May 14th total of 5,355 shares. Based on an average daily trading volume, of 150,513 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Grupo Financiero Banorte SAB de CV has an average rating of “Hold”.

Grupo Financiero Banorte SAB de CV Stock Performance

Shares of GBOOY stock traded up $1.24 during trading hours on Thursday, hitting $51.61. The company’s stock had a trading volume of 35,349 shares, compared to its average volume of 58,642. The company has a 50 day moving average of $55.03 and a 200 day moving average of $53.30. 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 $29.04 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 0.95 and a beta of 0.70. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last announced 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 firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 22.08% and a net margin of 14.23%. On average, sell-side analysts forecast that Grupo Financiero Banorte SAB de CV will post 6.47 EPS 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.