Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Short Interest Down 57.1% in August

Key Points

• Short Interest Dropped: Grupo Financiero Banorte experienced a significant decrease in short interest of 57.1% in August, with the total short interest falling to just 300 shares by August 31st.
• Stock Performance: Shares of Grupo Financiero Banorte rose by 1.0%, trading at $49.28, and the company currently has a market capitalization of $27.73 billion.
• Earnings Report: In its latest quarterly earnings, Grupo Financiero Banorte reported $1.33 EPS, missing forecasts, with revenue totaling $2.01 billion against an expectation of $40.02 billion.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 300 shares, a drop of 57.1% from the August 15th total of 700 shares. Based on an average daily trading volume, of 26,600 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's stock are sold short. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 26,600 shares, the short-interest ratio is presently 0.0 days.

Grupo Financiero Banorte SAB de CV Stock Up 1.0%

Shares of OTCMKTS:GBOOY traded up $0.50 during trading on Friday, hitting $49.28. 13,650 shares of the company were exchanged, compared to its average volume of 16,445. The stock has a market capitalization of $27.73 billion, a P/E ratio of 9.26, a PEG ratio of 1.03 and a beta of 0.75. Grupo Financiero Banorte SAB de CV has a 12-month low of $30.00 and a 12-month high of $49.34. The firm's 50 day moving average price is $45.06 and its 200-day moving average price is $42.32. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.02). Grupo Financiero Banorte SAB de CV had a return on equity of 21.67% and a net margin of 13.01%.The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $40.02 billion. On average, research analysts predict that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

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.

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