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

Murano Global BV (NASDAQ:MRNO) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 206,632 shares, a decline of 72.6% from the May 14th total of 753,573 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 1,835,707 shares, the days-to-cover ratio is currently 0.1 days.

Murano Global BV Trading Up 3.8%

Shares of MRNO traded up $0.01 during midday trading on Friday, hitting $0.34. The company had a trading volume of 300,305 shares, compared to its average volume of 17,611,092. The company’s 50 day moving average price is $0.39 and its 200 day moving average price is $0.80. Murano Global BV has a 52 week low of $0.22 and a 52 week high of $12.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Murano Global BV stock. Clear Street Group Inc. purchased a new stake in Murano Global BV (NASDAQ:MRNO) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 248,374 shares of the company’s stock, valued at approximately $640,000. Clear Street Group Inc. owned 0.31% of Murano Global BV as of its most recent filing with the SEC. Institutional investors and hedge funds own 11.79% of the company’s stock.

Analyst Ratings Changes

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