Berto Acquisition Corp. (NASDAQ:TACO) Short Interest Update

Berto Acquisition Corp. (NASDAQ:TACO) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,461 shares, a decrease of 62.5% from the May 14th total of 6,570 shares. Based on an average daily volume of 89,765 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Berto Acquisition in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Berto Acquisition Price Performance

Shares of TACO stock remained flat at $10.39 on Friday. The stock had a trading volume of 67,383 shares, compared to its average volume of 100,042. The stock’s 50 day simple moving average is $10.36 and its 200-day simple moving average is $10.24. Berto Acquisition has a one year low of $10.11 and a one year high of $10.85.

Berto Acquisition (NASDAQ:TACO) last announced its quarterly earnings results on Tuesday, March 31st. The restaurant operator reported $0.15 EPS for the quarter.

Institutional Trading of Berto Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new stake in shares of Berto Acquisition in the 4th quarter valued at about $26,000. Radcliffe Capital Management L.P. increased 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 purchasing an additional 3,100 shares in the last quarter. Cannon Global Investment Management LLC increased its stake in 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 worth $427,000 after purchasing an additional 4,700 shares in the last quarter. Citadel Advisors LLC increased its stake in Berto Acquisition by 21.9% during the 3rd 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. Finally, Wolverine Asset Management LLC increased its stake in Berto Acquisition by 40.8% during the 4th 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.

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.