Berto Acquisition Corp. (NASDAQ:TACOU) Short Interest Down 58.4% in June

Berto Acquisition Corp. (NASDAQ:TACOU) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 650 shares, a decrease of 58.4% from the May 31st total of 1,562 shares. Based on an average trading volume of 752 shares, the days-to-cover ratio is presently 0.9 days.

Berto Acquisition Stock Down 0.0%

Shares of TACOU traded down $0.00 during trading hours on Monday, reaching $10.78. 35,303 shares of the stock traded hands, compared to its average volume of 5,489. Berto Acquisition has a 52 week low of $10.21 and a 52 week high of $12.50. The stock has a fifty day simple moving average of $10.76 and a 200 day simple moving average of $10.48.

Hedge Funds Weigh In On Berto Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of TACOU. JPMorgan Chase & Co. bought a new position in shares of Berto Acquisition in the second quarter valued at approximately $1,077,000. Clear Street Group Inc. purchased a new stake in shares of Berto Acquisition during the third quarter valued at approximately $336,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Berto Acquisition during the first quarter worth $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.