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

Berto Acquisition Corp. (NASDAQ:TACOU) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,562 shares, a drop of 54.6% from the May 14th total of 3,441 shares. Based on an average trading volume of 5,438 shares, the days-to-cover ratio is presently 0.3 days.

Berto Acquisition Price Performance

Shares of TACOU stock traded up $0.01 during trading hours on Monday, reaching $10.76. The stock had a trading volume of 804 shares, compared to its average volume of 5,167. The stock’s fifty day simple moving average is $10.67 and its 200 day simple moving average is $10.45. Berto Acquisition has a 12 month low of $10.21 and a 12 month high of $12.50.

Hedge Funds Weigh In On Berto Acquisition

A number of large investors have recently modified their holdings of TACOU. Clear Street Group Inc. boosted its position in shares of Berto Acquisition by 421.5% in the fourth quarter. Clear Street Group Inc. now owns 163,403 shares of the company’s stock valued at $1,681,000 after acquiring an additional 132,072 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Berto Acquisition in the second quarter valued at approximately $1,077,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Berto Acquisition in the first quarter valued at approximately $597,000.

Berto Acquisition Company Profile

Berto Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. The company has no commercial operations to date and was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company completed its initial public offering in early 2022, raising gross proceeds through the sale of units each consisting of one share of common stock and a fraction of a warrant.