Short Interest in Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Drops By 96.9%

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 500 shares, a decrease of 96.9% from the November 30th total of 15,900 shares. Based on an average trading volume of 130,300 shares, the short-interest ratio is currently 0.0 days.

Grupo Financiero Banorte Trading Down 2.0 %

Shares of OTCMKTS:GBOOY traded down $0.68 during trading on Friday, reaching $33.15. The stock had a trading volume of 267,206 shares, compared to its average volume of 57,655. The stock has a fifty day simple moving average of $34.71 and a two-hundred day simple moving average of $36.72. Grupo Financiero Banorte has a 52 week low of $30.00 and a 52 week high of $56.15.

Grupo Financiero Banorte Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a $0.8627 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

About Grupo Financiero Banorte

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.