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

Berto Acquisition Corp. (NASDAQ:TACO) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 2,265 shares, a decline of 83.3% from the October 15th total of 13,527 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 305,100 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Berto Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in TACO. Berkley W R Corp increased its stake 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 valued at $18,682,000 after acquiring an additional 797,864 shares during the last quarter. Governors Lane LP bought a new stake in Berto Acquisition during the second quarter worth $14,162,000. StoneX Group Inc. bought a new stake in Berto Acquisition during the third quarter worth $5,355,000. SkyView Investment Advisors LLC bought a new stake in Berto Acquisition during the second quarter worth $4,549,000. Finally, First Trust Capital Management L.P. acquired a new stake in shares of Berto Acquisition in the 3rd quarter valued at $3,685,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TACO. Weiss Ratings raised shares of Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. Wall Street Zen cut Berto Acquisition from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Berto Acquisition Stock Up 0.0%

TACO stock traded up $0.01 during midday trading on Friday, reaching $10.52. The company had a trading volume of 241,868 shares, compared to its average volume of 238,048. The stock has a 50 day moving average price of $10.48 and a 200-day moving average price of $10.38. Berto Acquisition has a 1-year low of $10.11 and a 1-year high of $10.59.

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

Berto Acquisition Company Profile

Berto Acquisition Corp. is a special purpose acquisition company, or blank-check company, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. Unlike an operating company, Berto does not have established products or services of its own. Its business activity centers on identifying and completing a transaction with a target company. Information about a completed business combination, target industry, operating geographies, and company leadership is not included here.