Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Sees Significant Growth in Short Interest

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 7,600 shares, a growth of 216.7% from the May 15th total of 2,400 shares. Based on an average daily volume of 69,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Grupo Financiero Banorte Price Performance

Shares of OTCMKTS:GBOOY traded down $0.41 during trading on Friday, hitting $45.83. 12,622 shares of the stock were exchanged, compared to its average volume of 43,130. Grupo Financiero Banorte has a 1-year low of $30.00 and a 1-year high of $47.89. The company's fifty day simple moving average is $42.33 and its 200-day simple moving average is $37.79.

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

Grupo Financiero Banorte Increases Dividend

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

Grupo Financiero Banorte Company Profile

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.