Murano Global BV (NASDAQ:MRNO) Short Interest Up 104.3% in January

Murano Global BV (NASDAQ:MRNO) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 479,366 shares, an increase of 104.3% from the January 15th total of 234,649 shares. Based on an average daily volume of 11,418,416 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.1% of the shares of the company are short sold. Approximately 2.1% of the shares of the company are short sold. Based on an average daily volume of 11,418,416 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Murano Global BV in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Murano Global BV

A hedge fund recently bought a new stake in Murano Global BV stock. Clear Street Group Inc. purchased a new position in Murano Global BV (NASDAQ:MRNO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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 owned by institutional investors and hedge funds.

Murano Global BV Trading Down 14.8%

Shares of NASDAQ MRNO traded down $0.12 on Friday, hitting $0.68. The company’s stock had a trading volume of 320,672 shares, compared to its average volume of 7,149,435. The stock has a 50 day moving average of $1.11 and a 200-day moving average of $2.78. Murano Global BV has a 12-month low of $0.49 and a 12-month high of $13.25. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.30.

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.