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

Berto Acquisition Corp. (NASDAQ:TACO) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 9,356 shares, a growth of 823.6% from the June 15th total of 1,013 shares. Based on an average daily volume of 77,542 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Berto Acquisition Price Performance

Shares of NASDAQ TACO remained flat at $10.52 during trading on Friday. The stock had a trading volume of 96,261 shares, compared to its average volume of 103,570. Berto Acquisition has a fifty-two week low of $10.11 and a fifty-two week high of $10.69. The company’s 50-day moving average is $10.43 and its two-hundred day moving average is $10.28.

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.

Institutional Trading of Berto Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sona Asset Management US LLC acquired a new stake in shares of Berto Acquisition during the 1st quarter worth approximately $1,697,000. Berkley W R Corp lifted its holdings in Berto Acquisition by 77.9% in the first quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock valued at $18,682,000 after acquiring an additional 797,864 shares during the last quarter. Levin Capital Strategies L.P. purchased a new position in Berto Acquisition in the first quarter worth approximately $102,000. Cannon Global Investment Management LLC grew its position in Berto Acquisition by 12.7% in the first quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock worth $427,000 after acquiring an additional 4,700 shares during the period. Finally, Lineage Point Capital LP acquired a new stake in Berto Acquisition during the fourth quarter worth $4,862,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Berto Acquisition in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently 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.