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

Berto Acquisition Corp. (NASDAQ:TACO) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 25,746 shares, an increase of 76.2% from the August 15th total of 14,610 shares. Based on an average daily volume of 24,596 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Berkley W R Corp lifted its position in Berto Acquisition by 77.9% in the first quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock worth $18,682,000 after purchasing an additional 797,864 shares during the period. Governors Lane LP bought a new stake in Berto Acquisition in the 2nd quarter valued at $14,162,000. Lineage Point Capital LP acquired a new position in shares of Berto Acquisition in the 4th quarter valued at $4,862,000. SkyView Investment Advisors LLC acquired a new position in shares of Berto Acquisition in the 2nd quarter valued at $4,549,000. Finally, Mint Tower Capital Management B.V. bought a new position in shares of Berto Acquisition during the 4th quarter worth about $4,164,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 24th. Wall Street Zen lowered shares of Berto Acquisition from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Berto Acquisition presently has an average rating of “Sell”.

Berto Acquisition Stock Up 0.1%

Shares of NASDAQ TACO traded up $0.01 during mid-day trading on Thursday, hitting $10.46. The company had a trading volume of 10,754 shares, compared to its average volume of 84,826. Berto Acquisition has a 12 month low of $10.11 and a 12 month high of $10.65. The business’s 50-day simple moving average is $10.47 and its 200-day simple moving average is $10.39.

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

Berto Acquisition Company Profile

Berto Acquisition Corp. (NASDAQ:TACO) is a special purpose acquisition company, or SPAC. Unlike an operating company, it was formed to raise capital through a public offering and use the proceeds to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more private companies.

Because Berto Acquisition Corp. is a blank-check company, it does not have an established portfolio of products or services, operating divisions, or a defined customer base.