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

Berto Acquisition Corp. (NASDAQ:TACO) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 14,610 shares, a growth of 136.9% from the July 30th total of 6,167 shares. Based on an average daily volume of 48,989 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TACO. Geode Capital Management LLC purchased a new stake in Berto Acquisition in the 2nd quarter worth $792,000. JPMorgan Chase & Co. bought a new position in shares of Berto Acquisition in the second quarter worth about $1,162,000. Shaolin Capital Management LLC purchased a new stake in shares of Berto Acquisition during the second quarter worth about $1,303,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Berto Acquisition during the second quarter worth about $8,336,000. Finally, Jane Street Group LLC purchased a new stake in shares of Berto Acquisition during the second quarter worth about $191,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TACO shares. Weiss Ratings upgraded shares of Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. Wall Street Zen downgraded shares of Berto Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Berto Acquisition Trading Up 0.1%

Shares of NASDAQ:TACO traded up $0.01 during mid-day trading on Friday, reaching $10.48. 20,626 shares of the company traded hands, compared to its average volume of 36,208. The company’s 50 day moving average price is $10.47 and its 200-day moving average price is $10.36. Berto Acquisition has a 52 week low of $10.11 and a 52 week high of $10.65.

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