Berto Acquisition Corp. (NASDAQ:TACO) Short Interest Down 58.8% in June

Berto Acquisition Corp. (NASDAQ:TACO) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,013 shares, a drop of 58.8% from the May 31st total of 2,461 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 85,188 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

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

Berto Acquisition Stock Up 0.0%

Berto Acquisition stock opened at $10.49 on Wednesday. The company has a 50 day moving average price of $10.40 and a 200 day moving average price of $10.26. Berto Acquisition has a 52 week low of $10.11 and a 52 week high of $10.69.

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

Institutional Investors Weigh In On Berto Acquisition

Several hedge funds have recently made changes to their positions in the stock. Sona Asset Management US LLC acquired a new position in Berto Acquisition in the first quarter worth about $1,697,000. Berkley W R Corp boosted its stake 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 acquiring an additional 797,864 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in shares of Berto Acquisition during the first quarter worth $102,000. Cannon Global Investment Management LLC grew its stake in Berto Acquisition by 12.7% in the first quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock valued at $427,000 after acquiring an additional 4,700 shares during the period. Finally, Lineage Point Capital LP bought a new position in shares of Berto Acquisition during the fourth quarter worth about $4,862,000.

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.