Murano Global BV (NASDAQ:MRNO) Short Interest Update

Murano Global BV (NASDAQ:MRNO) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 506,636 shares, an increase of 59.8% from the February 26th total of 317,120 shares. Based on an average daily volume of 8,966,741 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research analysts recently commented on MRNO shares. Weiss Ratings restated a “sell (e+)” rating on shares of Murano Global BV in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Murano Global BV to a “hold” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Murano Global BV presently has an average rating of “Sell”.

Hedge Funds Weigh In On Murano Global BV

An institutional investor recently bought a new position 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 its most recent 13F filing with the SEC. The institutional investor bought 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. 11.79% of the stock is currently owned by institutional investors.

Murano Global BV Price Performance

NASDAQ:MRNO traded up $0.00 during trading hours on Friday, reaching $0.46. 190,633 shares of the company’s stock were exchanged, compared to its average volume of 4,649,655. Murano Global BV has a 1-year low of $0.44 and a 1-year high of $12.24. 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 company has a 50-day moving average of $0.86 and a 200 day moving average of $1.63.

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.