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

Key Points

• Grupo Financiero Banorte SAB de CV experienced a significant increase in short interest in September, with total short interest doubling to 5,400 shares.
• The company's latest quarterly earnings revealed an EPS of $1.33, falling short of analysts’ expectations of $1.35.
• Shares of Grupo Financiero Banorte traded down to $46.51, with a market capitalization of $26.17 billion and a PE ratio of 8.74.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 5,400 shares, an increase of 100.0% from the September 15th total of 2,700 shares. Based on an average trading volume of 29,100 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 29,100 shares, the days-to-cover ratio is presently 0.2 days.

Grupo Financiero Banorte SAB de CV Stock Performance

Shares of OTCMKTS GBOOY traded down $0.51 during trading on Monday, reaching $46.51. 30,714 shares of the company traded hands, compared to its average volume of 31,490. The firm has a 50 day simple moving average of $47.23 and a 200-day simple moving average of $44.57. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $26.17 billion, a PE ratio of 8.74, a P/E/G ratio of 0.99 and a beta of 0.76. Grupo Financiero Banorte SAB de CV has a 52-week low of $30.00 and a 52-week high of $51.04.

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

Grupo Financiero Banorte SAB de CV 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.