Short Interest in Berto Acquisition Corp. (NASDAQ:TACO) Decreases By 62.5%

Berto Acquisition Corp. (NASDAQ:TACO) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,461 shares, a drop of 62.5% from the May 14th total of 6,570 shares. Based on an average daily trading volume, of 89,765 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Berto Acquisition Stock Performance

Shares of NASDAQ:TACO remained flat at $10.39 during trading on Friday. The company had a trading volume of 67,383 shares, compared to its average volume of 108,294. Berto Acquisition has a 12-month low of $10.11 and a 12-month high of $10.85. The firm has a 50-day moving average of $10.36 and a 200-day moving average of $10.24.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Berto Acquisition in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Berto Acquisition

Several institutional investors have recently made changes to their positions in TACO. Moore Capital Management LP purchased a new stake in shares of Berto Acquisition during the second quarter worth about $10,420,000. Berkley W R Corp grew its position in shares of Berto Acquisition by 932.8% during the fourth quarter. Berkley W R Corp now owns 1,024,734 shares of the restaurant operator’s stock worth $10,391,000 after purchasing an additional 925,514 shares in the last quarter. Verbena Value LP purchased a new stake in shares of Berto Acquisition during the fourth quarter worth about $9,103,000. Hudson Bay Capital Management LP purchased a new stake in shares of Berto Acquisition during the second quarter worth about $8,571,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Berto Acquisition during the second quarter worth about $8,336,000.

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.