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

Berto Acquisition Corp. (NASDAQ:TACO) was the recipient of a significant growth in short interest in 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 77,542 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Berto Acquisition

A number of large investors have recently bought and sold shares of TACO. FNY Investment Advisers LLC acquired a new stake in shares of Berto Acquisition during the 4th quarter worth about $26,000. Levin Capital Strategies L.P. acquired a new stake in shares of Berto Acquisition during the 1st quarter worth $102,000. Jane Street Group LLC purchased a new position in shares of Berto Acquisition in the 2nd quarter worth about $191,000. Readystate Asset Management LP purchased a new position in shares of Berto Acquisition in the 4th quarter worth about $187,000. Finally, HRT Financial LP acquired a new position in shares of Berto Acquisition in the 4th quarter valued at about $191,000.

Wall Street Analysts Forecast Growth

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

Berto Acquisition Stock Performance

Berto Acquisition stock remained flat at $10.52 during midday trading on Friday. The company’s stock had a trading volume of 96,261 shares, compared to its average volume of 105,014. Berto Acquisition has a 12 month low of $10.11 and a 12 month high of $10.69. The company’s fifty day simple moving average is $10.43 and its 200 day simple moving average is $10.28.

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

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.