Short Interest in Berto Acquisition Corp. (NASDAQ:TACO) Expands By 136.9%

Berto Acquisition Corp. (NASDAQ:TACO) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 14,610 shares, an increase of 136.9% from the July 30th total of 6,167 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 48,989 shares, the days-to-cover ratio is currently 0.3 days.

Berto Acquisition Stock Performance

NASDAQ TACO traded up $0.01 during mid-day trading on Friday, reaching $10.48. 18,583 shares of the stock were exchanged, compared to its average volume of 88,336. Berto Acquisition has a 1 year low of $10.11 and a 1 year high of $10.65. The business’s 50 day moving average is $10.47 and its 200-day moving average is $10.36.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. Wall Street Zen lowered Berto Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Berto Acquisition has an average rating of “Sell”.

Hedge Funds Weigh In On Berto Acquisition

Hedge funds have recently made changes to their positions in the company. Levin Capital Strategies L.P. acquired a new stake in shares of Berto Acquisition in the first quarter valued at approximately $102,000. Readystate Asset Management LP purchased a new position in shares of Berto Acquisition during the fourth quarter worth about $187,000. Jane Street Group LLC purchased a new stake in Berto Acquisition during the 2nd quarter valued at approximately $191,000. HRT Financial LP purchased a new position in shares of Berto Acquisition in the 4th quarter valued at approximately $191,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Berto Acquisition during the third quarter worth approximately $197,000.

Berto Acquisition Company Profile

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.