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

Murano Global BV (NASDAQ:MRNO) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 272,991 shares, a decline of 43.1% from the January 29th total of 479,366 shares. Based on an average trading volume of 2,461,640 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.2% of the shares of the company are short sold. Currently, 1.2% of the shares of the company are short sold. Based on an average trading volume of 2,461,640 shares, the days-to-cover ratio is presently 0.1 days.

Murano Global BV Price Performance

Murano Global BV stock traded down $0.12 during midday trading on Monday, reaching $0.67. The company’s stock had a trading volume of 199,553 shares, compared to its average volume of 1,368,811. 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 debt-to-equity ratio of 0.30, a current ratio of 0.08 and a quick ratio of 0.08. The stock’s 50 day simple moving average is $1.02 and its 200 day simple moving average is $2.26.

Analysts Set New Price Targets

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

Institutional Trading of Murano Global BV

A hedge fund recently bought a new stake in Murano Global BV stock. Clear Street Group Inc. bought a new position in shares of Murano Global BV (NASDAQ:MRNO) during the 3rd quarter, according to 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 0.31% of Murano Global BV at the end of the most recent quarter. Institutional investors own 11.79% of the company’s stock.

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.