Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Short Interest Up 118.2% in May

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 2,400 shares, an increase of 118.2% from the April 30th total of 1,100 shares. Based on an average trading volume of 72,300 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Grupo Financiero Banorte Trading Down 2.3%

Grupo Financiero Banorte stock traded down $1.04 during mid-day trading on Monday, hitting $44.48. 15,932 shares of the company traded hands, compared to its average volume of 45,056. Grupo Financiero Banorte has a one year low of $30.00 and a one year high of $48.25. The stock has a fifty day moving average price of $40.32 and a 200-day moving average price of $37.04.

Grupo Financiero Banorte (OTCMKTS:GBOOY - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $26.79 by ($25.47). The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $40.28 billion. Analysts expect that Grupo Financiero Banorte will post 4.84 earnings per share for the current fiscal year.

Grupo Financiero Banorte Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, May 6th were issued a dividend of $2.1897 per share. This represents a dividend yield of 12.07%. This is a boost from Grupo Financiero Banorte's previous dividend of $0.86. The ex-dividend date of this dividend was Monday, May 5th.

About Grupo Financiero Banorte

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.