Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) Decreases By 47.5%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOF) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,514,101 shares, a decrease of 47.5% from the May 14th total of 6,699,706 shares. Based on an average daily volume of 44,487 shares, the short-interest ratio is currently 79.0 days.

Grupo Financiero Banorte Price Performance

Shares of OTCMKTS GBOOF traded up $0.14 during mid-day trading on Friday, hitting $10.65. The company had a trading volume of 21,269 shares, compared to its average volume of 18,009. Grupo Financiero Banorte has a 1 year low of $8.27 and a 1 year high of $13.25. The stock’s 50-day moving average price is $11.08 and its 200-day moving average price is $10.76.

Grupo Financiero Banorte Company Profile

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is one of Mexico’s largest diversified financial groups. Founded in 1899 as Banco Mercantil de Monterrey, the company has expanded through both organic growth and strategic acquisitions to build a broad national presence. Headquartered in Monterrey, Nuevo León, Banorte operates under a universal banking model, integrating traditional banking services with a range of complementary financial offerings.

Banorte’s core activities encompass retail and commercial banking, where it provides deposit accounts, consumer and mortgage lending, and financing solutions for small and medium-sized enterprises.