Murano Global BV (NASDAQ:MRNO) Short Interest Update

Murano Global BV (NASDAQ:MRNO) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 189,911 shares, a decline of 62.5% from the March 15th total of 506,636 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 211,816 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analyst Weigh In

MRNO has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Murano Global BV in a report on Thursday, January 22nd. Wall Street Zen raised 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, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Murano Global BV Trading Down 1.6%

Shares of NASDAQ:MRNO traded down $0.01 during trading hours on Tuesday, reaching $0.55. The stock had a trading volume of 185,367 shares, compared to its average volume of 4,094,122. Murano Global BV has a 1 year low of $0.40 and a 1 year high of $12.24. The firm’s 50 day moving average is $0.68 and its 200-day moving average is $1.42. 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 Inflows and Outflows

An institutional investor recently bought a new position in Murano Global BV stock. Clear Street Group Inc. bought a new stake in Murano Global BV (NASDAQ:MRNO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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. Institutional investors and hedge funds 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.