Berto Acquisition Corp. (NASDAQ:TACO) Short Interest Down 62.5% in May

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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.com, Berto Acquisition presently has an average rating of “Sell”.

Berto Acquisition Price Performance

Shares of Berto Acquisition stock remained flat at $10.39 during mid-day trading on Friday. 67,383 shares of the stock traded hands, compared to its average volume of 108,294. The firm’s 50-day simple moving average is $10.36 and its 200-day simple moving average is $10.24. Berto Acquisition has a twelve month low of $10.11 and a twelve month high of $10.85.

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

Institutional Investors Weigh In On Berto Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TACO. Moore Capital Management LP purchased a new stake in Berto Acquisition in the second quarter valued at $10,420,000. Berkley W R Corp raised its position in Berto Acquisition by 932.8% in the fourth quarter. Berkley W R Corp now owns 1,024,734 shares of the restaurant operator’s stock valued at $10,391,000 after purchasing an additional 925,514 shares during the period. Verbena Value LP purchased a new stake in Berto Acquisition in the fourth quarter valued at $9,103,000. Hudson Bay Capital Management LP purchased a new stake in Berto Acquisition in the second quarter valued at $8,571,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Berto Acquisition in the second quarter valued at $8,336,000.

Berto Acquisition Company Profile

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.