Murano Global BV (NASDAQ:MRNO – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 168,450 shares, a decline of 44.4% from the August 31st total of 302,935 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 164,231 shares, the days-to-cover ratio is presently 1.0 days.
Murano Global BV Stock Down 5.0%
MRNO stock traded down $0.02 on Thursday, reaching $0.30. The company’s stock had a trading volume of 172,531 shares, compared to its average volume of 5,552,324. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The business has a fifty day simple moving average of $0.23 and a two-hundred day simple moving average of $0.32. Murano Global BV has a 12-month low of $0.18 and a 12-month high of $2.91.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued 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 Company Profile
Murano Global B.V. is a Mexico-focused real estate company involved in the development, ownership and operation of hospitality, commercial and residential properties. The company’s activities include hotel and resort projects, mixed-use developments and other real estate assets serving Mexico’s major tourism and urban markets.
Murano Global’s portfolio and development strategy are centered on higher-end properties, including hotels, resorts and mixed-use real estate. Its projects are primarily located in Mexico, with exposure to destinations such as Mexico City and other prominent leisure and business markets.
The company’s operations are supported by an integrated real estate platform that spans property development, investment and asset management.
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