Murano Global BV (NASDAQ:MRNO) Short Interest Down 23.2% in April

Murano Global BV (NASDAQ:MRNO) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 145,821 shares, a drop of 23.2% from the March 31st total of 189,911 shares. Based on an average daily volume of 554,589 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Murano Global BV in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Murano Global BV to a “hold” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Murano Global BV Price Performance

MRNO stock traded down $0.01 during trading on Friday, hitting $0.28. 258,343 shares of the company’s stock traded hands, compared to its average volume of 300,843. Murano Global BV has a 52 week low of $0.27 and a 52 week high of $12.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.08 and a quick ratio of 0.08. The business has a fifty day simple moving average of $0.55 and a 200 day simple moving average of $1.24.

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. acquired a new stake in shares of Murano Global BV (NASDAQ:MRNO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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. Hedge funds and other institutional investors own 11.79% of the company’s stock.

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.