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

Murano Global BV (NASDAQ:MRNO) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 12,916 shares, a decline of 49.3% from the December 15th total of 25,498 shares. Based on an average daily volume of 61,696 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 61,696 shares, the short-interest ratio is presently 0.2 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. acquired a new stake in shares of Murano Global BV (NASDAQ:MRNO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 at the end of the most recent quarter. 11.79% of the stock is currently owned by institutional investors and hedge funds.

Murano Global BV Stock Down 11.2%

Shares of NASDAQ MRNO traded down $0.20 during mid-day trading on Thursday, reaching $1.59. 289,064 shares of the company were exchanged, compared to its average volume of 4,282,256. Murano Global BV has a 52 week low of $0.49 and a 52 week high of $13.25. The company’s 50 day moving average price is $1.49 and its 200 day moving average price is $3.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.08 and a current ratio of 0.08.

Wall Street Analyst Weigh In

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

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.