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

Murano Global BV (NASDAQ:MRNO) was the recipient of 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. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 61,696 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 61,696 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors 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 Murano Global BV (NASDAQ:MRNO) during the third quarter, according to its most recent 13F filing with the SEC. 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 SEC. 11.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Murano Global BV in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Murano Global BV Stock Performance

NASDAQ:MRNO traded down $0.20 during trading hours on Thursday, hitting $1.59. 289,064 shares of the company traded hands, compared to its average volume of 4,282,256. 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 firm’s 50-day simple moving average is $1.49 and its 200-day simple moving average is $3.92. Murano Global BV has a one year low of $0.49 and a one year high of $13.25.

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.