Short Interest in Murano Global BV (NASDAQ:MRNO) Increases By 16.2%

Murano Global BV (NASDAQ:MRNO) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 317,120 shares, a growth of 16.2% from the February 12th total of 272,991 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average trading volume of 277,821 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 277,821 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.4% of the company’s shares are sold short.

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 its most recent 13F filing with the Securities & Exchange Commission. 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.

Analyst Upgrades and Downgrades

MRNO has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Murano Global BV in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Murano Global BV to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Murano Global BV presently has a consensus rating of “Sell”.

Murano Global BV Trading Down 6.7%

Shares of NASDAQ:MRNO traded down $0.05 during mid-day trading on Tuesday, hitting $0.65. 75,123 shares of the company traded hands, compared to its average volume of 5,470,930. The firm’s 50 day simple moving average is $1.03 and its 200 day simple moving average is $1.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.08 and a current ratio of 0.08. Murano Global BV has a 52-week low of $0.49 and a 52-week 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.