Short Interest in Murano Global BV (NASDAQ:MRNO) Increases By 104.3%

Murano Global BV (NASDAQ:MRNO) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 479,366 shares, a growth of 104.3% from the January 15th total of 234,649 shares. Based on an average daily trading volume, of 11,418,416 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.1% of the company’s shares are sold short. Currently, 2.1% of the company’s shares are sold short. Based on an average daily trading volume, of 11,418,416 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Murano Global BV in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Murano Global BV Price Performance

Shares of Murano Global BV stock opened at $0.68 on Friday. The stock has a 50-day simple moving average of $1.11 and a 200-day simple moving average of $2.75. Murano Global BV has a 52-week low of $0.49 and a 52-week high of $13.25. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.30.

Institutional Trading of Murano Global BV

An institutional investor recently bought a new position in Murano Global BV stock. Clear Street Group Inc. acquired a new position in Murano Global BV (NASDAQ:MRNO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.