Short Interest in Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Declines By 91.3%

Key Points

• Short interest in Grupo Financiero Banorte SAB de CV has declined by 91.3% in July, with only 200 shares sold short as of July 31.
• The company reported $1.33 earnings per share (EPS) for its recent quarter, slightly missing the analyst consensus estimate of $1.35.
• With a market capitalization of $25.12 billion, the company's shares have fluctuated between a 12-month low of $30.00 and high of $47.89.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 200 shares, adeclineof91.3% from the July 15th total of 2,300 shares. Currently,0.0% of the shares of the company are sold short. Based on an average trading volume of 32,900 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 32,900 shares, the short-interest ratio is currently 0.0 days. Currently,0.0% of the shares of the company are sold short.

Grupo Financiero Banorte SAB de CV Stock Performance

GBOOY stock traded down $0.59 during mid-day trading on Thursday, hitting $44.65. The company had a trading volume of 6,001 shares, compared to its average volume of 35,949. The firm has a market cap of $25.12 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.79 and a current ratio of 0.79. Grupo Financiero Banorte SAB de CV has a 12 month low of $30.00 and a 12 month high of $47.89. The stock's fifty day moving average price is $45.00 and its two-hundred day moving average price is $40.91.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 21.04%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $40.02 billion. On average, analysts forecast that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current fiscal 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.

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