Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sees Significant Growth in Short Interest

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 55,875 shares, a growth of 384.1% from the March 31st total of 11,542 shares. Based on an average daily trading volume, of 114,336 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company's stock are sold short.Wall Street Analyst Weigh InSeparately, Zacks Research lowered Grupo Financiero Banorte SAB de CV from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".Get Our Latest Stock Analysis on Grupo Financiero Banorte SAB de CVGrupo Financiero Banorte SAB de CV Trading Up 0.6%Shares of Grupo Financiero Banorte SAB de CV stock opened at $55.88 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.41. Grupo Financiero Banorte SAB de CV has a 12-month low of $40.00 and a 12-month high of $62.89. The firm has a market capitalization of $31.44 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.06 and a beta of 0.79. The firm's 50 day simple moving average is $55.73 and its two-hundred day simple moving average is $51.81. Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.63 by ($0.07). Grupo Financiero Banorte SAB de CV had a net margin of 14.23% and a return on equity of 22.95%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.39 billion. Analysts predict that Grupo Financiero Banorte SAB de CV will post 6.51 EPS for the current year. Grupo Financiero Banorte SAB de CV Company Profile (Get Free Report)Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY. Banorte's core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.Featured StoriesFive stocks we like better than Grupo Financiero Banorte SAB de CVThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Grupo Financiero Banorte SAB de CV Right Now?Before you consider Grupo Financiero Banorte SAB de CV, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Financiero Banorte SAB de CV wasn't on the list.While Grupo Financiero Banorte SAB de CV currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here