Murano Global BV (NASDAQ:MRNO) Short Interest Update

Murano Global BV (NASDAQ:MRNO) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 206,632 shares, a drop of 72.6% from the May 14th total of 753,573 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average trading volume of 1,835,707 shares, the short-interest ratio is currently 0.1 days.

Murano Global BV Price Performance

NASDAQ:MRNO traded up $0.00 during trading hours on Thursday, hitting $0.33. 210,810 shares of the company were exchanged, compared to its average volume of 5,979,901. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. Murano Global BV has a 52-week low of $0.22 and a 52-week high of $12.07. The company’s 50 day moving average price is $0.39 and its 200-day moving average price is $0.81.

Institutional Trading of Murano Global BV

An institutional investor recently bought a new position in Murano Global BV stock. Clear Street Group Inc. purchased a new stake in shares of Murano Global BV (NASDAQ:MRNO) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund 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 SEC. 11.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MRNO shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Murano Global BV in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Murano Global BV to a “hold” rating in a report on Saturday, March 14th. 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.