Short Interest in Murano Global BV (NASDAQ:MRNO) Decreases By 48.9%

Murano Global BV (NASDAQ:MRNO) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 109,013 shares, a decline of 48.9% from the June 30th total of 213,192 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 239,854 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Murano Global BV in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Murano Global BV presently has an average rating of “Sell”.

Murano Global BV Price Performance

NASDAQ:MRNO traded up $0.02 during mid-day trading on Wednesday, reaching $0.21. The company’s stock had a trading volume of 253,203 shares, compared to its average volume of 4,790,762. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. The firm’s fifty day moving average price is $0.29 and its two-hundred day moving average price is $0.58. Murano Global BV has a 12-month low of $0.18 and a 12-month high of $8.88.

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.