Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Short Interest Up 10.0% in August

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 12,100 shares, a growth of 10.0% from the August 15th total of 11,000 shares. Based on an average daily volume of 101,700 shares, the short-interest ratio is presently 0.1 days.

Grupo Financiero Banorte Price Performance

OTCMKTS:GBOOY opened at $36.79 on Wednesday. Grupo Financiero Banorte has a one year low of $32.40 and a one year high of $56.15. The stock has a 50 day moving average price of $37.25 and a 200 day moving average price of $44.40.

Grupo Financiero Banorte Increases Dividend

The business also recently announced a dividend, which was paid on Monday, July 8th. Shareholders of record on Monday, July 1st were paid a $2.2348 dividend. The ex-dividend date was Monday, July 1st. This is an increase from Grupo Financiero Banorte’s previous dividend of $1.35.

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.