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

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

Berto Acquisition Stock Up 0.1%

NASDAQ TACO traded up $0.01 on Friday, hitting $10.48. 18,583 shares of the stock were exchanged, compared to its average volume of 88,336. Berto Acquisition has a 52-week low of $10.11 and a 52-week high of $10.65. The stock has a fifty day moving average price of $10.47 and a two-hundred day moving average price of $10.36.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TACO. Radcliffe Capital Management L.P. grew its position in shares of 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 buying an additional 3,100 shares in the last quarter. Cannon Global Investment Management LLC raised its stake in Berto Acquisition by 12.7% in the first quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock worth $427,000 after buying an additional 4,700 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Berto Acquisition by 21.9% during the third quarter. Citadel Advisors LLC now owns 53,279 shares of the restaurant operator’s stock worth $555,000 after buying an additional 9,589 shares during the period. Wolverine Asset Management LLC boosted its position 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 valued at $340,000 after acquiring an additional 9,704 shares in the last quarter. Finally, Levin Capital Strategies L.P. bought a new position in shares of Berto Acquisition in the 1st quarter worth $102,000.

Analyst Ratings Changes

TACO has been the subject of several research reports. Wall Street Zen downgraded shares of Berto Acquisition from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Berto Acquisition has a consensus 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.