Short Interest in Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Increases By 800.0%

Key Points

• Short interest in Grupo Financiero Banorte increased by 800.0% in September, reaching a total of 2,700 shares.
• The company's stock rose 2.1% to open at $50.18, with a market capitalization of $28.23 billion.
• Grupo Financiero Banorte missed analyst earnings estimates, reporting a quarterly EPS of $1.33, below the expected $1.35.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 2,700 shares, a growth of 800.0% from the August 31st total of 300 shares. Based on an average daily trading volume, of 40,600 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 40,600 shares, the short-interest ratio is presently 0.1 days.

Grupo Financiero Banorte SAB de CV Stock Up 2.1%

Shares of Grupo Financiero Banorte SAB de CV stock opened at $50.18 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. Grupo Financiero Banorte SAB de CV has a 52-week low of $30.00 and a 52-week high of $51.04. The company has a market capitalization of $28.23 billion, a P/E ratio of 9.43, a P/E/G ratio of 1.03 and a beta of 0.75. The company has a 50 day moving average of $46.36 and a 200 day moving average of $43.49.

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