Berto Acquisition Corp. (NASDAQ:TACO) Stock Short Interest Report for October

Berto Acquisition Corp. (NASDAQ:TACO) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 2,265 shares, a drop of 83.3% from the October 15th total of 13,527 shares. Based on an average daily trading volume, of 305,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Berkley W R Corp boosted its position in shares of Berto Acquisition by 77.9% during the 1st 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 in the last quarter. Governors Lane LP bought a new position in shares of Berto Acquisition during the second quarter valued at $14,162,000. StoneX Group Inc. acquired a new stake in shares of Berto Acquisition in the 3rd quarter valued at $5,355,000. SkyView Investment Advisors LLC acquired a new stake in shares of Berto Acquisition in the 2nd quarter valued at $4,549,000. Finally, First Trust Capital Management L.P. bought a new stake in shares of Berto Acquisition in the 3rd quarter worth about $3,685,000.

Berto Acquisition Price Performance

TACO stock traded down $0.01 during trading on Thursday, reaching $10.52. 241,757 shares of the stock traded hands, compared to its average volume of 98,222. The business’s 50 day moving average price is $10.47 and its 200-day moving average price is $10.38. Berto Acquisition has a 52-week low of $10.11 and a 52-week high of $10.59.

Berto Acquisition (NASDAQ:TACO) last posted its quarterly earnings data on Friday, August 14th. The restaurant operator reported $0.03 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

TACO has been the subject of several recent analyst reports. Wall Street Zen cut shares of Berto Acquisition from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings raised Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Berto Acquisition

Berto Acquisition Corp. is a special purpose acquisition company, or blank-check company, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. Unlike an operating company, Berto does not have established products or services of its own. Its business activity centers on identifying and completing a transaction with a target company. Information about a completed business combination, target industry, operating geographies, and company leadership is not included here.