Berto Acquisition Corp. (NASDAQ:TACO – Get 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
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:TACO – Get 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
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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