Murano Global BV (NASDAQ:MRNO) Short Interest Update

Murano Global BV (NASDAQ:MRNO) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 506,636 shares, an increase of 59.8% from the February 26th total of 317,120 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 8,966,741 shares, the days-to-cover ratio is presently 0.1 days.

Murano Global BV Trading Up 0.4%

NASDAQ MRNO traded up $0.00 on Friday, reaching $0.46. The company had a trading volume of 190,633 shares, compared to its average volume of 4,649,655. The company’s fifty day moving average is $0.86 and its 200-day moving average is $1.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.08 and a quick ratio of 0.08. Murano Global BV has a 1-year low of $0.44 and a 1-year high of $12.24.

Institutional Investors Weigh In On Murano Global BV

A hedge fund recently bought a new stake in Murano Global BV stock. Clear Street Group Inc. purchased a new stake in shares of Murano Global BV (NASDAQ:MRNO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 248,374 shares of the company’s stock, valued at approximately $640,000. Clear Street Group Inc. owned about 0.31% of Murano Global BV as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 11.79% of the company’s stock.

Analyst Upgrades and Downgrades

MRNO has been the topic of several recent analyst reports. Wall Street Zen upgraded Murano Global BV to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Murano Global BV in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About Murano Global BV

Murano Global BV is a special purpose acquisition company (SPAC) incorporated under the laws of the Netherlands. Its sole purpose is to identify and complete a business combination through a merger, stock exchange, asset acquisition or similar transaction. The company is listed on the NASDAQ under the ticker MRNO and was formed to leverage public capital markets expertise in sourcing and structuring deals.

Sponsored by Murano Partners and its affiliates, Murano Global BV raised capital through its initial public offering in 2021.