Berto Acquisition Corp. (NASDAQ:TACO) Short Interest Down 58.8% in June

Berto Acquisition Corp. (NASDAQ:TACO) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,013 shares, a decrease of 58.8% from the May 31st total of 2,461 shares. Based on an average daily trading volume, of 85,188 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

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

Berto Acquisition Trading Up 0.3%

TACO traded up $0.04 during midday trading on Monday, reaching $10.49. 1,341 shares of the company’s stock traded hands, compared to its average volume of 96,742. Berto Acquisition has a 52 week low of $10.11 and a 52 week high of $10.69. The firm has a fifty day moving average of $10.39 and a two-hundred day moving average of $10.26.

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

Institutional Trading of Berto Acquisition

Large investors have recently added to or reduced their stakes in the stock. Sona Asset Management US LLC purchased a new position in Berto Acquisition during the 1st quarter valued at $1,697,000. Berkley W R Corp lifted its position in shares of Berto Acquisition by 77.9% in the 1st quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock worth $18,682,000 after purchasing an additional 797,864 shares during the period. Levin Capital Strategies L.P. purchased a new stake in shares of Berto Acquisition in the 1st quarter worth about $102,000. Cannon Global Investment Management LLC boosted its stake in shares of Berto Acquisition by 12.7% during the 1st quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock valued at $427,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Lineage Point Capital LP bought a new stake in shares of Berto Acquisition during the 4th quarter valued at about $4,862,000.

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.