Berto Acquisition Corp. (NASDAQ:TACO) Short Interest Down 58.8% in June

Berto Acquisition Corp. (NASDAQ:TACO) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 1,013 shares, a drop of 58.8% from the May 31st total of 2,461 shares. Based on an average daily volume of 85,188 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Berto Acquisition Price Performance

NASDAQ:TACO traded up $0.04 during trading hours on Monday, reaching $10.49. The company’s stock had a trading volume of 1,341 shares, compared to its average volume of 96,742. The firm has a 50-day simple moving average of $10.39 and a 200-day simple moving average of $10.26. Berto Acquisition has a 1 year low of $10.11 and a 1 year high of $10.69.

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.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Berto Acquisition in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Berto Acquisition currently has an average rating of “Sell”.

Institutional Investors Weigh In On Berto Acquisition

Institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC bought a new position in Berto Acquisition during the 4th quarter worth approximately $26,000. Radcliffe Capital Management L.P. lifted its position in Berto Acquisition by 0.9% in the fourth quarter. Radcliffe Capital Management L.P. now owns 347,482 shares of the restaurant operator’s stock valued at $3,523,000 after purchasing an additional 3,100 shares during the last quarter. Cannon Global Investment Management LLC boosted its stake in shares of Berto Acquisition by 12.7% during the first quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock valued at $427,000 after purchasing an additional 4,700 shares during the period. Citadel Advisors LLC boosted its stake in shares of Berto Acquisition by 21.9% during the third quarter. Citadel Advisors LLC now owns 53,279 shares of the restaurant operator’s stock valued at $555,000 after purchasing an additional 9,589 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in shares of Berto Acquisition by 40.8% in the fourth 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 during the last quarter.

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.