Short Interest in Murano Global BV (NASDAQ:MRNO) Expands By 441.7%

Murano Global BV (NASDAQ:MRNO) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 753,573 shares, an increase of 441.7% from the April 30th total of 139,101 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average trading volume of 31,106,251 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Murano Global BV

An institutional investor recently bought a new position in Murano Global BV stock. Clear Street Group Inc. purchased a new position in Murano Global BV (NASDAQ:MRNO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 SEC filing. 11.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on MRNO. Wall Street Zen raised Murano Global BV to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Murano Global BV in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Murano Global BV Stock Performance

Shares of NASDAQ:MRNO traded up $0.02 during trading on Thursday, reaching $0.31. The company had a trading volume of 192,628 shares, compared to its average volume of 6,455,234. The company has a fifty day moving average of $0.42 and a two-hundred day moving average of $0.95. Murano Global BV has a 12 month low of $0.22 and a 12 month high of $12.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26.

Murano Global BV Company Profile

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.