Berto Acquisition Corp. II (NASDAQ:GUAC) Stock Short Interest Report for October

Berto Acquisition Corp. II (NASDAQ:GUAC) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 150,805 shares, an increase of 165,619.8% from the October 15th total of 91 shares. Based on an average daily trading volume, of 238,690 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the company are sold short.

Berto Acquisition Corp. II Stock Up 0.0%

NASDAQ:GUAC opened at $9.88 on Wednesday. The firm’s fifty day moving average is $9.91. Berto Acquisition Corp. II has a fifty-two week low of $9.87 and a fifty-two week high of $10.05.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Berto Acquisition Corp. II in a report on Monday, September 28th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About Berto Acquisition Corp. II

Berto Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. The company does not currently operate a conventional business or offer products and services of its own. Its proposed transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination with one or more businesses. Until a transaction is completed, Berto Acquisition Corp. II’s activities are primarily focused on evaluating potential acquisition targets and complying with the requirements applicable to publicly traded SPACs.