Murano Global BV (NASDAQ:MRNO) Short Interest Down 48.9% in July

Murano Global BV (NASDAQ:MRNO) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 109,013 shares, a decrease of 48.9% from the June 30th total of 213,192 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 239,854 shares, the short-interest ratio is presently 0.5 days.

Murano Global BV Trading Up 3.4%

Shares of NASDAQ:MRNO traded up $0.01 on Thursday, hitting $0.21. The company had a trading volume of 63,313 shares, compared to its average volume of 4,758,437. The firm’s 50-day simple moving average is $0.28 and its two-hundred day simple moving average is $0.57. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. Murano Global BV has a 1 year low of $0.18 and a 1 year high of $8.88.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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, the stock presently has an average rating of “Sell”.

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.