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

Berto Acquisition Corp. (NASDAQ:TACO) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 6,167 shares, a decrease of 74.6% from the July 15th total of 24,292 shares. Based on an average trading volume of 33,397 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Berto Acquisition in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Berto Acquisition currently has a consensus rating of “Sell”.

Institutional Trading of Berto Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in TACO. Geode Capital Management LLC purchased a new stake in shares of Berto Acquisition during the 2nd quarter valued at approximately $792,000. JPMorgan Chase & Co. acquired a new stake in Berto Acquisition during the second quarter worth $1,162,000. Shaolin Capital Management LLC acquired a new stake in Berto Acquisition during the second quarter worth $1,303,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Berto Acquisition in the second quarter valued at $8,336,000. Finally, Jane Street Group LLC purchased a new stake in Berto Acquisition in the second quarter valued at $191,000.

Berto Acquisition Stock Up 0.0%

Shares of NASDAQ TACO traded up $0.01 during trading on Thursday, hitting $10.46. 10,691 shares of the company were exchanged, compared to its average volume of 93,162. The company has a fifty day moving average price of $10.45 and a 200-day moving average price of $10.34. Berto Acquisition has a 12-month low of $10.11 and a 12-month high of $10.65.

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