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

Murano Global BV (NASDAQ:MRNO) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 206,632 shares, a decrease 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 company’s stock are short sold.

Murano Global BV Price Performance

NASDAQ:MRNO traded up $0.01 during trading hours on Friday, reaching $0.34. 300,305 shares of the stock were exchanged, compared to its average volume of 17,611,092. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $0.39 and a 200-day simple moving average of $0.80. Murano Global BV has a 52 week low of $0.22 and a 52 week high of $12.07.

Institutional Trading of Murano Global BV

An institutional investor recently bought a new position in Murano Global BV stock. Clear Street Group Inc. purchased a new position in shares of Murano Global BV (NASDAQ:MRNO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 248,374 shares of the company’s stock, valued at approximately $640,000. Clear Street Group Inc. owned 0.31% of Murano Global BV at the end of the most recent quarter. 11.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MRNO has been the subject of a number of analyst reports. Wall Street Zen raised Murano Global BV to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of Murano Global BV in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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.