Short Interest in Berto Acquisition Corp. (NASDAQ:TACO) Rises By 109.0%

Berto Acquisition Corp. (NASDAQ:TACO) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 6,570 shares, a growth of 109.0% from the April 30th total of 3,143 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 96,203 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Berto Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Berkley W R Corp increased its stake in Berto Acquisition by 77.9% during the first quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock worth $18,682,000 after acquiring an additional 797,864 shares during the last quarter. Centiva Capital LP boosted its holdings in Berto Acquisition by 69.0% in the third quarter. Centiva Capital LP now owns 1,401,778 shares of the restaurant operator’s stock valued at $14,593,000 after purchasing an additional 572,252 shares during the last quarter. Hudson Bay Capital Management LP boosted its holdings in Berto Acquisition by 54.0% in the third quarter. Hudson Bay Capital Management LP now owns 1,266,599 shares of the restaurant operator’s stock valued at $13,185,000 after purchasing an additional 444,007 shares during the last quarter. Moore Capital Management LP purchased a new position in Berto Acquisition in the second quarter valued at about $10,420,000. Finally, Verbena Value LP purchased a new position in Berto Acquisition in the fourth quarter valued at about $9,103,000.

Berto Acquisition Price Performance

NASDAQ TACO opened at $10.48 on Monday. Berto Acquisition has a fifty-two week low of $10.11 and a fifty-two week high of $11.32. The business has a fifty day moving average of $10.32 and a 200-day moving average of $10.22.

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

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.