Short Interest in Berto Acquisition Corp. (NASDAQ:TACO) Grows By 76.2%

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

Analysts Set New Price Targets

Several research firms have recently commented on TACO. Weiss Ratings raised 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 report on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Berto Acquisition

Institutional investors have recently added to or reduced their stakes in the stock. Berkley W R Corp lifted its holdings in shares of 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 buying an additional 797,864 shares in the last quarter. Governors Lane LP bought a new stake in Berto Acquisition in the 2nd quarter valued at $14,162,000. Lineage Point Capital LP purchased a new stake in Berto Acquisition in the 4th quarter worth $4,862,000. SkyView Investment Advisors LLC purchased a new stake in Berto Acquisition in the 2nd quarter worth $4,549,000. Finally, Mint Tower Capital Management B.V. bought a new position in shares of Berto Acquisition during the 4th quarter valued at about $4,164,000.

Berto Acquisition Trading Down 0.3%

TACO stock traded down $0.03 during trading on Wednesday, reaching $10.44. The company’s stock had a trading volume of 62,254 shares, compared to its average volume of 85,305. The company’s fifty day moving average is $10.47 and its 200-day moving average is $10.38. Berto Acquisition has a 1 year low of $10.11 and a 1 year high of $10.65.

Berto Acquisition (NASDAQ:TACO) last announced its quarterly earnings data on Friday, August 14th. The restaurant operator reported $0.03 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.