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

Murano Global BV (NASDAQ:MRNO) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 25,498 shares, an increase of 210.6% from the November 30th total of 8,209 shares. Based on an average daily volume of 125,676 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 125,676 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Murano Global BV stock. Clear Street Group Inc. acquired a new position in shares of Murano Global BV (NASDAQ:MRNO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 248,374 shares of the company’s stock, valued at approximately $640,000. Clear Street Group Inc. owned about 0.31% of Murano Global BV as of its most recent SEC filing. 11.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Murano Global BV Stock Down 7.9%

Shares of Murano Global BV stock traded down $0.05 during midday trading on Friday, hitting $0.64. 47,470 shares of the company traded hands, compared to its average volume of 88,333. The firm’s fifty day moving average price is $1.91 and its 200-day moving average price is $4.77. Murano Global BV has a 12 month low of $0.60 and a 12 month high of $13.25. The company has a current ratio of 0.22, a quick ratio of 0.21 and a debt-to-equity ratio of 1.32.

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.