Murano Global BV (NASDAQ:MRNO) Short Interest Update

Murano Global BV (NASDAQ:MRNO) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 109,013 shares, a decline 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 trading volume, of 239,854 shares, the short-interest ratio is currently 0.5 days.

Murano Global BV Trading Up 9.3%

Shares of MRNO stock traded up $0.02 on Wednesday, hitting $0.21. The company had a trading volume of 253,203 shares, compared to its average volume of 4,790,762. Murano Global BV has a twelve month low of $0.18 and a twelve month high of $8.88. The company has a 50-day moving average price of $0.29 and a 200-day moving average price of $0.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Murano Global BV in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.