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

Murano Global BV (NASDAQ:MRNO) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 234,649 shares, an increase of 1,716.7% from the December 31st total of 12,916 shares. Based on an average daily trading volume, of 4,275,839 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.0% of the company’s stock are sold short. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,275,839 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Murano Global BV

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

Murano Global BV Stock Up 56.3%

MRNO traded up $0.49 during trading hours on Tuesday, hitting $1.36. The company’s stock had a trading volume of 42,096,648 shares, compared to its average volume of 2,180,489. The company has a 50-day simple moving average of $1.30 and a 200 day simple moving average of $3.33. Murano Global BV has a fifty-two week low of $0.49 and a fifty-two week 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Murano Global BV in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Murano Global BV currently has a consensus rating of “Sell”.

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.