Murano Global BV (NASDAQ:MRNO) Short Interest Down 49.3% in December

Murano Global BV (NASDAQ:MRNO) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 12,916 shares, a decrease of 49.3% from the December 15th total of 25,498 shares. Based on an average daily volume of 61,696 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 61,696 shares, the days-to-cover ratio is currently 0.2 days.

Murano Global BV Trading Up 0.6%

MRNO traded up $0.01 during midday trading on Friday, reaching $1.60. 148,216 shares of the company were exchanged, compared to its average volume of 2,171,381. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.08 and a current ratio of 0.08. The company’s fifty day moving average price is $1.46 and its 200 day moving average price is $3.85. Murano Global BV has a one year low of $0.49 and a one year high of $13.25.

Institutional Investors Weigh In On Murano Global BV

A hedge fund recently bought a new stake in Murano Global BV stock. Clear Street Group Inc. acquired a new stake in shares of Murano Global BV (NASDAQ:MRNO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm 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. 11.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Murano Global BV in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus 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.