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

Murano Global BV (NASDAQ:MRNO) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 302,935 shares, an increase of 77.4% from the August 15th total of 170,750 shares. Based on an average daily trading volume, of 309,920 shares, the short-interest ratio is currently 1.0 days. Currently, 1.3% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Murano Global BV Stock Performance

Shares of MRNO stock traded up $0.02 during trading hours on Thursday, reaching $0.22. 721,229 shares of the stock were exchanged, compared to its average volume of 3,896,039. The business’s fifty day moving average is $0.22 and its two-hundred day moving average is $0.35. Murano Global BV has a 12-month low of $0.18 and a 12-month high of $3.00. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01.

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.