Murano Global BV (NASDAQ:MRNO) Short Interest Up 77.4% in August

Murano Global BV (NASDAQ:MRNO) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 302,935 shares, a growth of 77.4% from the August 15th total of 170,750 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 309,920 shares, the short-interest ratio is presently 1.0 days.

Murano Global BV Price Performance

Shares of NASDAQ:MRNO opened at $0.22 on Friday. Murano Global BV has a 52 week low of $0.18 and a 52 week high of $3.00. The company’s 50 day moving average is $0.22 and its two-hundred day moving average is $0.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat.com, Murano Global BV presently has an average rating of “Sell”.

About Murano Global BV

Murano Global B.V. is a Mexico-focused real estate company involved in the development, ownership and operation of hospitality, commercial and residential properties. The company’s activities include hotel and resort projects, mixed-use developments and other real estate assets serving Mexico’s major tourism and urban markets.

Murano Global’s portfolio and development strategy are centered on higher-end properties, including hotels, resorts and mixed-use real estate. Its projects are primarily located in Mexico, with exposure to destinations such as Mexico City and other prominent leisure and business markets.

The company’s operations are supported by an integrated real estate platform that spans property development, investment and asset management.