Murano Global BV (NASDAQ:MRNO) Sees Significant Increase in Short Interest

Murano Global BV (NASDAQ:MRNO) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 172,939 shares, a growth of 58.6% from the July 15th total of 109,013 shares. Based on an average daily volume of 385,703 shares, the short-interest ratio is presently 0.4 days. Currently, 0.8% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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 MarketBeat, the company currently has a consensus rating of “Sell”.

Murano Global BV Stock Up 14.5%

NASDAQ MRNO opened at $0.22 on Thursday. The stock has a fifty day simple moving average of $0.24 and a 200-day simple moving average of $0.44. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. Murano Global BV has a twelve month low of $0.18 and a twelve month high of $6.50.

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.