Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY – Get Free Report) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totalling 8,400 shares, a decrease of 5.6% from the July 31st total of 8,900 shares. Based on an average daily trading volume, of 27,700 shares, the short-interest ratio is presently 0.3 days.
Grupo Financiero Banorte Price Performance
Shares of GBOOY opened at $44.35 on Thursday. The stock has a 50 day simple moving average of $43.40 and a 200-day simple moving average of $42.52. Grupo Financiero Banorte has a 1 year low of $28.60 and a 1 year high of $47.63.
Grupo Financiero Banorte Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 16th were issued a dividend of $2.0135 per share. This represents a yield of 7.41%. This is a boost from Grupo Financiero Banorte’s previous dividend of $1.33. The ex-dividend date of this dividend was Thursday, June 15th.
Grupo Financiero Banorte Company Profile
Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers payroll accounts and credit cards; car, mortgage, payroll, and personal credit banorte; and savings and investment products. It also provides insurance products, including life, home, auto, health, savings, credit card, mobile equipment, and mortgage credit insurance; foreign exchange services; and online and mobile banking services.
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