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

Berto Acquisition Corp. (NASDAQ:TACOU) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 650 shares, a decrease of 58.4% from the May 31st total of 1,562 shares. Based on an average trading volume of 752 shares, the short-interest ratio is currently 0.9 days.

Berto Acquisition Trading Up 0.0%

Shares of Berto Acquisition stock traded up $0.00 on Tuesday, hitting $10.77. 806 shares of the company were exchanged, compared to its average volume of 5,427. The company has a 50-day moving average price of $10.77 and a 200 day moving average price of $10.49. Berto Acquisition has a 1-year low of $10.21 and a 1-year high of $12.50.

Hedge Funds Weigh In On Berto Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp purchased a new stake in Berto Acquisition in the 1st quarter valued at $597,000. Clear Street Group Inc. boosted its position in shares of Berto Acquisition by 421.5% during the 4th quarter. Clear Street Group Inc. now owns 163,403 shares of the company’s stock valued at $1,681,000 after acquiring an additional 132,072 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Berto Acquisition during the 2nd quarter valued at about $1,077,000.

About Berto Acquisition

Berto Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. The company has no commercial operations to date and was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company completed its initial public offering in early 2022, raising gross proceeds through the sale of units each consisting of one share of common stock and a fraction of a warrant.