Berto Acquisition Corp. (NASDAQ:TACO) Sees Large Decrease in Short Interest

Berto Acquisition Corp. (NASDAQ:TACO) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 6,167 shares, a decline of 74.6% from the July 15th total of 24,292 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 33,397 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Berto Acquisition in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Berto Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Radcliffe Capital Management L.P. boosted its stake in Berto Acquisition by 0.9% during the 4th quarter. Radcliffe Capital Management L.P. now owns 347,482 shares of the restaurant operator’s stock worth $3,523,000 after acquiring an additional 3,100 shares during the last quarter. Cannon Global Investment Management LLC raised its holdings in Berto Acquisition by 12.7% in the first quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock worth $427,000 after purchasing an additional 4,700 shares during the period. Citadel Advisors LLC boosted its position 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 worth $555,000 after purchasing an additional 9,589 shares in the last quarter. Wolverine Asset Management LLC boosted its position 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 worth $340,000 after purchasing an additional 9,704 shares in the last quarter. Finally, Levin Capital Strategies L.P. acquired a new position in shares of Berto Acquisition in the 1st quarter valued at $102,000.

Berto Acquisition Price Performance

Shares of TACO stock remained flat at $10.45 during trading hours on Friday. The stock had a trading volume of 5,621 shares, compared to its average volume of 39,462. Berto Acquisition has a one year low of $10.11 and a one year high of $10.65. The firm’s fifty day simple moving average is $10.45 and its 200 day simple moving average is $10.34.

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

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.