Murano Global BV (NASDAQ:MRNO) Short Interest Update

Murano Global BV (NASDAQ:MRNO) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 506,636 shares, a growth of 59.8% from the February 26th total of 317,120 shares. Based on an average trading volume of 8,966,741 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.2% of the company’s shares are sold short.

Analysts Set New Price Targets

MRNO has been the topic of a number of research reports. Wall Street Zen upgraded shares of Murano Global BV to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reiterated 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.com, the company has a consensus rating of “Sell”.

Murano Global BV Stock Up 0.4%

NASDAQ MRNO traded up $0.00 on Friday, reaching $0.46. The company had a trading volume of 190,633 shares, compared to its average volume of 4,649,655. Murano Global BV has a 52 week low of $0.44 and a 52 week high of $12.24. The stock’s 50 day moving average is $0.86 and its 200-day moving average is $1.63. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.30.

Institutional Trading of Murano Global BV

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

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.