Murano Global BV (NASDAQ:MRNO) Short Interest Update

Murano Global BV (NASDAQ:MRNO) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 206,632 shares, a drop of 72.6% from the May 14th total of 753,573 shares. Based on an average daily trading volume, of 1,835,707 shares, the short-interest ratio is presently 0.1 days. Approximately 0.9% of the shares of the company are short sold.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen raised Murano Global BV to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of Murano Global BV in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Murano Global BV currently has a consensus rating of “Sell”.

Institutional Trading of Murano Global BV

A hedge fund recently bought a new stake in Murano Global BV stock. Clear Street Group Inc. bought a new stake in shares of Murano Global BV (NASDAQ:MRNO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 11.79% of the company’s stock.

Murano Global BV Stock Up 1.5%

Shares of MRNO traded up $0.00 on Thursday, reaching $0.33. The company’s stock had a trading volume of 210,810 shares, compared to its average volume of 5,979,901. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The stock’s 50 day simple moving average is $0.39 and its two-hundred day simple moving average is $0.81. Murano Global BV has a 12-month low of $0.22 and a 12-month high of $12.07.

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.