Murano Global BV (NASDAQ:MRNO) Short Interest Up 77.4% in August

Murano Global BV (NASDAQ:MRNO) saw a large increase in short interest during 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 volume of 309,920 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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.com, the stock currently has a consensus rating of “Sell”.

Murano Global BV Stock Down 2.8%

Shares of MRNO stock traded down $0.01 during trading on Wednesday, reaching $0.20. The company had a trading volume of 26,234 shares, compared to its average volume of 3,913,960. The firm’s 50 day simple moving average is $0.22 and its two-hundred day simple moving average is $0.35. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. Murano Global BV has a one year low of $0.18 and a one year high of $3.00.

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.