Murano Global BV (NASDAQ:MRNO) Sees Large Increase in Short Interest

Murano Global BV (NASDAQ:MRNO) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 234,649 shares, an increase of 1,716.7% from the December 31st total of 12,916 shares. Based on an average daily volume of 4,275,839 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.0% of the shares of the stock are short sold. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 4,275,839 shares, the days-to-cover ratio is presently 0.1 days.

Murano Global BV Stock Up 56.3%

Murano Global BV stock traded up $0.49 during mid-day trading on Tuesday, reaching $1.36. 42,096,648 shares of the company were exchanged, compared to its average volume of 2,180,489. Murano Global BV has a twelve month low of $0.49 and a twelve month high of $13.25. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $1.30 and its two-hundred day simple moving average is $3.33.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Murano Global BV in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average 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 stake in Murano Global BV (NASDAQ:MRNO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 at the end of the most recent quarter. Institutional investors own 11.79% of the company’s stock.

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.