Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,400 shares, an increase of 118.2% from the April 30th total of 1,100 shares. Based on an average daily volume of 72,300 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company's shares are short sold.

Shares of Grupo Financiero Banorte stock traded down $1.04 during trading hours on Friday, hitting $44.48. The company's stock had a trading volume of 15,932 shares, compared to its average volume of 45,056. Grupo Financiero Banorte has a twelve month low of $30.00 and a twelve month high of $48.25. The firm has a fifty day moving average of $40.32 and a 200-day moving average of $37.01.

Grupo Financiero Banorte (OTCMKTS:GBOOY - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $26.79 by ($25.47). The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $40.28 billion. Equities analysts forecast that Grupo Financiero Banorte will post 4.84 earnings per share for the current year.

The company also recently announced a dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, May 6th were paid a dividend of $2.1897 per share. This is a positive change from Grupo Financiero Banorte's previous dividend of $0.86. The ex-dividend date was Monday, May 5th. This represents a yield of 12.07%.

(Get Free Report)

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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