Murano Global BV (NASDAQ:MRNO) Sees Significant Increase in Short Interest

Murano Global BV (NASDAQ:MRNO) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 302,935 shares, a growth of 77.4% from the August 15th total of 170,750 shares. Based on an average daily trading volume, of 309,920 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Murano Global BV Price Performance

Shares of Murano Global BV stock traded down $0.01 during midday trading on Wednesday, hitting $0.20. The company had a trading volume of 26,234 shares, compared to its average volume of 3,913,960. Murano Global BV has a 1-year low of $0.18 and a 1-year high of $3.00. The business’s 50 day simple moving average is $0.22 and its two-hundred day simple moving average is $0.35. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01.

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.