Murano Global BV (NASDAQ:MRNO) Short Interest Up 441.7% in May

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

Murano Global BV Stock Up 4.9%

Shares of NASDAQ MRNO traded up $0.02 during mid-day trading on Friday, hitting $0.35. 903,655 shares of the stock traded hands, compared to its average volume of 18,128,030. The company has a current ratio of 0.26, a quick 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 stock has a fifty day moving average price of $0.41 and a 200-day moving average price of $0.93.

Analysts Set New Price Targets

MRNO has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Murano Global BV in a research note on Tuesday, April 21st. Wall Street Zen raised Murano Global BV to a “hold” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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. bought a new position in Murano Global BV (NASDAQ:MRNO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 248,374 shares of the company’s stock, valued at approximately $640,000. Clear Street Group Inc. owned approximately 0.31% of Murano Global BV at the end of the most recent quarter. Hedge funds and other institutional investors own 11.79% of the company’s stock.

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.