Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) Short Interest Up 69.1% in November

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 15,900 shares, an increase of 69.1% from the November 15th total of 9,400 shares. Based on an average daily volume of 188,600 shares, the short-interest ratio is currently 0.1 days.

Grupo Financiero Banorte Trading Up 3.6 %

OTCMKTS:GBOOY traded up $1.23 during midday trading on Friday, reaching $35.63. 62,280 shares of the company traded hands, compared to its average volume of 56,126. The company has a fifty day moving average price of $35.55 and a 200 day moving average price of $37.38. Grupo Financiero Banorte has a twelve month low of $30.00 and a twelve month high of $56.15.

Grupo Financiero Banorte Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.8627 per share. 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.