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

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) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 200 shares, adecreaseof91.3% from the July 15th total of 2,300 shares. Based on an average daily volume of 32,900 shares, the days-to-cover ratio is currently 0.0 days. Approximately0.0% of the shares of the company are short sold. Approximately0.0% of the shares of the company are short sold. Based on an average daily volume of 32,900 shares, the days-to-cover ratio is currently 0.0 days.

Grupo Financiero Banorte SAB de CV Stock Performance

OTCMKTS:GBOOY traded up $0.28 during mid-day trading on Tuesday, hitting $44.32. The company's stock had a trading volume of 10,754 shares, compared to its average volume of 13,770. Grupo Financiero Banorte SAB de CV has a 1 year low of $30.00 and a 1 year high of $47.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $24.94 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 0.93 and a beta of 0.71. The business's fifty day moving average is $44.92 and its two-hundred day moving average is $41.19.

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 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 analysts' expectations of $40.02 billion. Analysts anticipate that Grupo Financiero Banorte SAB de CV will post 4.84 EPS 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.