Berto Acquisition Corp. (NASDAQ:TACO) Short Interest Update

Berto Acquisition Corp. (NASDAQ:TACO) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,013 shares, a decrease of 58.8% from the May 31st total of 2,461 shares. Based on an average daily trading volume, of 85,188 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of Berto Acquisition in the 4th quarter valued at $26,000. Levin Capital Strategies L.P. acquired a new position in shares of Berto Acquisition during the first quarter worth $102,000. Readystate Asset Management LP acquired a new position in shares of Berto Acquisition during the fourth quarter worth $187,000. Jane Street Group LLC purchased a new position in Berto Acquisition in the second quarter valued at $191,000. Finally, HRT Financial LP purchased a new position in Berto Acquisition in the fourth quarter valued at $191,000.

Berto Acquisition Price Performance

TACO stock traded up $0.03 during mid-day trading on Tuesday, reaching $10.49. The company had a trading volume of 249,796 shares, compared to its average volume of 98,078. The firm has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $10.26. Berto Acquisition has a fifty-two week low of $10.11 and a fifty-two week high of $10.69.

Berto Acquisition (NASDAQ:TACO) last announced its quarterly earnings data on Tuesday, March 31st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Berto Acquisition in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Berto Acquisition presently has an average rating of “Sell”.

About Berto Acquisition

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of August 31, 2021, it operated approximately 600 restaurants across 16 states. The company was founded in 1964 and is headquartered in Lake Forest, California.