Berto Acquisition Corp. (NASDAQ:TACO) Shares Shorted: Short Interest Down 64.0% in September

Berto Acquisition Corp. (NASDAQ:TACO) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,048 shares, a decline of 64.0% from the September 15th total of 5,689 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 68,079 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Berto Acquisition

Several hedge funds have recently modified their holdings of TACO. Governors Lane LP bought a new position in Berto Acquisition in the 2nd quarter worth approximately $14,162,000. Berkley W R Corp lifted its holdings in 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 worth $18,682,000 after buying an additional 797,864 shares in the last quarter. Lineage Point Capital LP acquired a new position in Berto Acquisition during the 4th quarter worth $4,862,000. SkyView Investment Advisors LLC bought a new position in Berto Acquisition in the 2nd quarter valued at $4,549,000. Finally, Alpine Global Management LLC boosted its position in Berto Acquisition by 141.2% in the 4th quarter. Alpine Global Management LLC now owns 300,000 shares of the restaurant operator’s stock valued at $3,042,000 after buying an additional 175,597 shares during the last quarter.

Berto Acquisition Trading Up 0.1%

Shares of Berto Acquisition stock traded up $0.01 during trading on Tuesday, reaching $10.47. The company’s stock had a trading volume of 27,326 shares, compared to its average volume of 82,977. Berto Acquisition has a one year low of $10.11 and a one year high of $10.63. The business’s fifty day moving average price is $10.46 and its 200-day moving average price is $10.42.

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

Analyst Ratings Changes

TACO has been the subject of a number of research reports. Wall Street Zen lowered Berto Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings raised Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

Berto Acquisition Company Profile

Berto Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol TACO. The company was formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses.

As an acquisition company, Berto does not operate a commercial business or offer products and services of its own. Its activities primarily involve evaluating potential target companies and pursuing a suitable transaction.