Berto Acquisition Corp. (NASDAQ:TACO) Short Interest Up 109.0% in May

Berto Acquisition Corp. (NASDAQ:TACO) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,570 shares, an increase of 109.0% from the April 30th total of 3,143 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 96,203 shares, the short-interest ratio is presently 0.1 days.

Berto Acquisition Trading Down 0.9%

Shares of TACO stock traded down $0.09 during mid-day trading on Tuesday, reaching $10.44. The stock had a trading volume of 296,728 shares, compared to its average volume of 97,292. Berto Acquisition has a 12-month low of $10.11 and a 12-month high of $11.32. The business has a 50-day simple moving average of $10.32 and a 200 day simple moving average of $10.23.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in shares of Berto Acquisition in the fourth quarter valued at $26,000. Radcliffe Capital Management L.P. boosted its stake in shares of Berto Acquisition by 0.9% during the fourth quarter. Radcliffe Capital Management L.P. now owns 347,482 shares of the restaurant operator’s stock valued at $3,523,000 after acquiring an additional 3,100 shares during the last quarter. Cannon Global Investment Management LLC boosted its stake in shares of Berto Acquisition by 12.7% during the first quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock valued at $427,000 after acquiring an additional 4,700 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Berto Acquisition by 21.9% during the third quarter. Citadel Advisors LLC now owns 53,279 shares of the restaurant operator’s stock valued at $555,000 after acquiring an additional 9,589 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of Berto Acquisition by 40.8% during the fourth quarter. Wolverine Asset Management LLC now owns 33,489 shares of the restaurant operator’s stock valued at $340,000 after acquiring an additional 9,704 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Berto Acquisition in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

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.