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

Berto Acquisition Corp. (NASDAQ:TACO) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 6,167 shares, a drop of 74.6% from the July 15th total of 24,292 shares. Based on an average daily volume of 33,397 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Berto Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the stock. Levin Capital Strategies L.P. acquired a new position in Berto Acquisition during the 1st quarter valued at $102,000. Jane Street Group LLC bought a new stake in shares of Berto Acquisition in the 2nd quarter worth approximately $191,000. Readystate Asset Management LP acquired a new stake in shares of Berto Acquisition during the 4th quarter worth approximately $187,000. HRT Financial LP acquired a new stake in shares of Berto Acquisition during the 4th quarter worth approximately $191,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Berto Acquisition during the third quarter valued at approximately $197,000.

Berto Acquisition Stock Performance

Shares of Berto Acquisition stock remained flat at $10.45 during trading on Friday. The stock had a trading volume of 5,621 shares, compared to its average volume of 39,462. The stock has a 50 day moving average price of $10.45 and a two-hundred day moving average price of $10.34. Berto Acquisition has a twelve month low of $10.11 and a twelve month high of $10.65.

Berto Acquisition (NASDAQ:TACO) last announced its earnings results on Friday, August 14th. The restaurant operator reported $0.03 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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 a consensus rating of “Sell”.

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.