Murano Global BV (NASDAQ:MRNO) Stock Short Interest Drops 44.4%

by · The Cerbat Gem

Murano Global BV (NASDAQ:MRNO – Get Free Report) saw a significant 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. Based on an average daily trading volume, of 164,231 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.7% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on MRNO

Murano Global BV Stock Performance

Shares of MRNO traded down $0.01 during trading hours on Wednesday, hitting $0.32. The stock had a trading volume of 286,877 shares, compared to its average volume of 17,609,430. The company’s fifty day simple moving average is $0.23 and its 200 day simple moving average is $0.32. Murano Global BV has a 12-month low of $0.18 and a 12-month high of $2.91. 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

(Get Free Report)

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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