Berto Acquisition Corp. (NASDAQ:TACOU) Short Interest Down 58.4% in June

Berto Acquisition Corp. (NASDAQ:TACOU) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 650 shares, a drop of 58.4% from the May 31st total of 1,562 shares. Based on an average daily trading volume, of 752 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Berto Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of the company. Clear Street Group Inc. increased its position in Berto Acquisition by 421.5% in the fourth quarter. Clear Street Group Inc. now owns 163,403 shares of the company’s stock worth $1,681,000 after buying an additional 132,072 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Berto Acquisition during the 2nd quarter valued at $1,077,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Berto Acquisition during the 1st quarter worth $597,000.

Berto Acquisition Stock Down 0.0%

TACOU traded down $0.00 during midday trading on Monday, reaching $10.78. The company had a trading volume of 35,303 shares, compared to its average volume of 5,489. Berto Acquisition has a 12-month low of $10.21 and a 12-month high of $12.50. The business has a 50-day moving average price of $10.76 and a two-hundred day moving average price of $10.48.

Berto Acquisition Company Profile

Berto Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. The company has no commercial operations to date and was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company completed its initial public offering in early 2022, raising gross proceeds through the sale of units each consisting of one share of common stock and a fraction of a warrant.