Berto Acquisition Corp. (NASDAQ:TACO) Short Interest Update

Berto Acquisition Corp. (NASDAQ:TACO) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 2,461 shares, a decrease of 62.5% from the May 14th total of 6,570 shares. Based on an average daily volume of 89,765 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Berto Acquisition Stock Performance

NASDAQ TACO remained flat at $10.39 during trading hours on Friday. The company had a trading volume of 67,383 shares, compared to its average volume of 100,042. The business’s 50 day moving average price is $10.36 and its 200-day moving average price is $10.24. Berto Acquisition has a twelve month low of $10.11 and a twelve month high of $10.85.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Berto Acquisition in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Berto Acquisition has a consensus rating of “Sell”.

Hedge Funds Weigh In On Berto Acquisition

Hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in Berto Acquisition in the 4th quarter valued at $26,000. Radcliffe Capital Management L.P. increased its stake in Berto Acquisition by 0.9% in the 4th quarter. Radcliffe Capital Management L.P. now owns 347,482 shares of the restaurant operator’s stock valued at $3,523,000 after buying an additional 3,100 shares during the last quarter. Cannon Global Investment Management LLC increased its stake in Berto Acquisition by 12.7% in the 1st quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock valued at $427,000 after buying an additional 4,700 shares during the last quarter. Citadel Advisors LLC increased its stake in Berto Acquisition by 21.9% in the 3rd quarter. Citadel Advisors LLC now owns 53,279 shares of the restaurant operator’s stock valued at $555,000 after buying an additional 9,589 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its stake in Berto Acquisition by 40.8% in the 4th quarter. Wolverine Asset Management LLC now owns 33,489 shares of the restaurant operator’s stock valued at $340,000 after buying an additional 9,704 shares during the last 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.