Berto Acquisition Corp. (NASDAQ:TACO) Sees Significant Growth in Short Interest

Berto Acquisition Corp. (NASDAQ:TACO) saw a significant growth in short interest during the month of 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 trading volume, of 77,542 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Berto Acquisition in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Berto Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in shares of Berto Acquisition during the 4th quarter worth about $26,000. Levin Capital Strategies L.P. acquired a new stake in Berto Acquisition in the 1st quarter valued at approximately $102,000. Jane Street Group LLC bought a new position in Berto Acquisition in the 2nd quarter worth approximately $191,000. Readystate Asset Management LP bought a new position in Berto Acquisition in the 4th quarter worth approximately $187,000. Finally, HRT Financial LP acquired a new position in shares of Berto Acquisition during the fourth quarter worth approximately $191,000.

Berto Acquisition Stock Performance

Shares of Berto Acquisition stock opened at $10.52 on Monday. The firm has a fifty day simple moving average of $10.43 and a 200-day simple moving average of $10.28. Berto Acquisition has a 1-year low of $10.11 and a 1-year high of $10.69.

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

Berto Acquisition Company Profile

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.