Short Interest in Murano Global BV (NASDAQ:MRNO) Rises By 58.6%

Murano Global BV (NASDAQ:MRNO) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 172,939 shares, a growth of 58.6% from the July 15th total of 109,013 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 385,703 shares, the days-to-cover ratio is presently 0.4 days.

Murano Global BV Stock Performance

Shares of NASDAQ MRNO opened at $0.19 on Wednesday. The firm’s 50-day moving average price is $0.24 and its 200-day moving average price is $0.45. Murano Global BV has a 52-week low of $0.18 and a 52-week high of $6.50. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Murano Global BV in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.