Berto Acquisition Corp. (NASDAQ:TACO) Short Interest Up 159.6% in July

Berto Acquisition Corp. (NASDAQ:TACOGet Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 24,292 shares, a growth of 159.6% from the June 30th total of 9,356 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 136,365 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Berto Acquisition in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

View Our Latest Stock Report on TACO

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TACO. FNY Investment Advisers LLC acquired a new stake in Berto Acquisition in the 4th quarter valued at $26,000. Levin Capital Strategies L.P. acquired a new position in Berto Acquisition during the first quarter worth $102,000. Jane Street Group LLC purchased a new position in Berto Acquisition during the second quarter valued at $191,000. Readystate Asset Management LP purchased a new position in Berto Acquisition during the fourth quarter valued at $187,000. Finally, HRT Financial LP acquired a new stake in shares of Berto Acquisition in the fourth quarter valued at about $191,000.

Berto Acquisition Stock Performance

NASDAQ:TACO opened at $10.46 on Tuesday. Berto Acquisition has a 52 week low of $10.11 and a 52 week high of $10.65. The stock’s 50-day moving average price is $10.46 and its 200-day moving average price is $10.31.

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

Berto Acquisition Company Profile

(Get Free Report)

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.

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