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

Berto Acquisition Corp. (NASDAQ:TACO) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 14,610 shares, a growth of 136.9% from the July 30th total of 6,167 shares. Based on an average daily trading volume, of 48,989 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Berto Acquisition Price Performance

NASDAQ:TACO opened at $10.48 on Friday. Berto Acquisition has a 1-year low of $10.11 and a 1-year high of $10.65. The firm has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $10.36.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Levin Capital Strategies L.P. bought a new stake in Berto Acquisition during the first quarter worth $102,000. Readystate Asset Management LP bought a new stake in shares of Berto Acquisition in the 4th quarter worth approximately $187,000. Jane Street Group LLC purchased a new position in Berto Acquisition in the second quarter valued at approximately $191,000. HRT Financial LP bought a new stake in shares of Berto Acquisition in the fourth quarter valued at $191,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Berto Acquisition during the 3rd quarter valued at $197,000.

Analyst Ratings Changes

A number of brokerages recently weighed in 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 lowered shares of Berto Acquisition from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Berto Acquisition has an average 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.