Short Interest in Murano Global BV (NASDAQ:MRNO) Declines By 48.9%

Murano Global BV (NASDAQ:MRNO) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 109,013 shares, a drop of 48.9% from the June 30th total of 213,192 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 239,854 shares, the days-to-cover ratio is currently 0.5 days.

Murano Global BV Stock Performance

NASDAQ:MRNO opened at $0.21 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The firm’s fifty day simple moving average is $0.28 and its 200 day simple moving average is $0.56. Murano Global BV has a twelve month low of $0.18 and a twelve month high of $8.88.

Wall Street Analysts Forecast Growth

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 data from MarketBeat, Murano Global BV 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.