Murano Global BV (NASDAQ:MRNO) Short Interest Up 1,716.7% in January

Murano Global BV (NASDAQ:MRNO) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 234,649 shares, a growth of 1,716.7% from the December 31st total of 12,916 shares. Based on an average daily volume of 4,275,839 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.0% of the company’s shares are sold short. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 4,275,839 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Murano Global BV

An institutional investor recently bought a new position in Murano Global BV stock. Clear Street Group Inc. purchased a new position in shares of Murano Global BV (NASDAQ:MRNO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent SEC filing. 11.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Murano Global BV in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Murano Global BV Stock Up 32.4%

Shares of MRNO opened at $1.80 on Thursday. Murano Global BV has a fifty-two week low of $0.49 and a fifty-two week high of $13.25. The firm’s 50 day moving average price is $1.30 and its 200 day moving average price is $3.32. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.30.

About Murano Global BV

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.