Berto Acquisition Corp. (NASDAQ:TACO) Stock Short Interest Report for October

Berto Acquisition Corp. (NASDAQ:TACO) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 13,527 shares, a growth of 560.5% from the September 30th total of 2,048 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 64,654 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TACO. Wall Street Zen cut Berto Acquisition from a “hold” rating to a “sell” rating in a 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 research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Berto Acquisition

Several institutional investors have recently bought and sold shares of TACO. Berkley W R Corp increased its stake in Berto Acquisition by 77.9% during the first quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock worth $18,682,000 after purchasing an additional 797,864 shares during the period. Governors Lane LP purchased a new position in shares of Berto Acquisition in the second quarter valued at approximately $14,162,000. SkyView Investment Advisors LLC purchased a new position in shares of Berto Acquisition in the second quarter valued at approximately $4,549,000. Sona Asset Management US LLC acquired a new position in shares of Berto Acquisition in the first quarter valued at approximately $1,697,000. Finally, Levin Capital Strategies L.P. acquired a new position in shares of Berto Acquisition in the first quarter valued at approximately $102,000.

Berto Acquisition Stock Performance

Shares of NASDAQ:TACO traded up $0.01 during mid-day trading on Tuesday, reaching $10.48. 15,978 shares of the company were exchanged, compared to its average volume of 95,776. Berto Acquisition has a 1 year low of $10.11 and a 1 year high of $10.63. The firm’s 50-day simple moving average is $10.47 and its 200 day simple moving average is $10.36.

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

Berto Acquisition Company Profile

Berto Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol TACO. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition or similar transaction, with an operating business.

As a blank-check company, Berto Acquisition does not have an established operating business, product portfolio or customer-facing services of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing the transaction and regulatory requirements associated with becoming a publicly traded operating company.

Publicly available information does not indicate that Berto Acquisition has completed a business combination or established operations in specific geographic markets.