Short Interest in Berto Acquisition Corp. (NASDAQ:TACO) Rises By 109.0%

Berto Acquisition Corp. (NASDAQ:TACO) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 6,570 shares, a growth of 109.0% from the April 30th total of 3,143 shares. Based on an average daily trading volume, of 96,203 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Berto Acquisition in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Berto Acquisition Stock Performance

TACO opened at $10.48 on Monday. Berto Acquisition has a 12 month low of $10.11 and a 12 month high of $11.32. The stock’s 50 day moving average price is $10.32 and its 200 day moving average price is $10.22.

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

Institutional Investors Weigh In On Berto Acquisition

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

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.