Berto Acquisition Corp. (NASDAQ:TACOU) Sees Large Increase in Short Interest

Berto Acquisition Corp. (NASDAQ:TACOU) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 3,441 shares, a growth of 3,177.1% from the April 30th total of 105 shares. Based on an average daily trading volume, of 4,024 shares, the short-interest ratio is currently 0.9 days.

Berto Acquisition Stock Down 1.4%

NASDAQ:TACOU traded down $0.15 during trading hours on Wednesday, hitting $10.95. 1,026 shares of the company’s stock traded hands, compared to its average volume of 5,619. Berto Acquisition has a twelve month low of $10.20 and a twelve month high of $11.26. The stock’s fifty day moving average price is $10.51 and its two-hundred day moving average price is $10.40.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Clear Street Group Inc. raised its position in Berto Acquisition by 421.5% during the fourth quarter. Clear Street Group Inc. now owns 163,403 shares of the company’s stock valued at $1,681,000 after buying an additional 132,072 shares during the period. JPMorgan Chase & Co. acquired a new position in Berto Acquisition in the 2nd quarter worth about $1,077,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Berto Acquisition in the 1st quarter worth about $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.