Murano Global BV (NASDAQ:MRNO) Shares Shorted: Short Interest Up 235.7% in September

Murano Global BV (NASDAQ:MRNO) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 565,510 shares, an increase of 235.7% from the September 15th total of 168,450 shares. Based on an average daily volume of 31,860,775 shares, the short-interest ratio is currently 0.0 days. Approximately 2.5% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Murano Global BV in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Murano Global BV Stock Down 10.9%

MRNO stock traded down $0.03 during trading on Friday, hitting $0.23. 4,457,891 shares of the company’s stock traded hands, compared to its average volume of 24,325,218. Murano Global BV has a 52 week low of $0.18 and a 52 week high of $2.91. The stock has a fifty day moving average price of $0.24 and a two-hundred day moving average price of $0.30.

About Murano Global BV

Murano Global B.V. is a Mexico-focused real estate company engaged in the development, acquisition, ownership and operation of hospitality and mixed-use properties. Its business is centered on hotels, resorts and related real estate assets, with an emphasis on serving Mexico’s tourism and urban markets.

The company’s activities include property development, asset management and hotel operations, as well as collaborations with established hospitality brands. Its portfolio and development pipeline are primarily located in Mexico, including destinations such as Mexico City and major coastal tourism markets.

Murano Global has developed its platform around vertically integrated real estate and hospitality capabilities, allowing it to participate in projects from development and construction through ownership and ongoing operations.