Berto Acquisition Corp. (NASDAQ:TACO) Short Interest Down 66.3% in March

Berto Acquisition Corp. (NASDAQ:TACO) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 4,576 shares, a decrease of 66.3% from the March 15th total of 13,589 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 34,941 shares, the short-interest ratio is currently 0.1 days.

Berto Acquisition Stock Performance

Shares of NASDAQ TACO opened at $10.24 on Friday. The firm has a 50-day simple moving average of $10.21 and a 200-day simple moving average of $10.24. Berto Acquisition has a 52 week low of $10.11 and a 52 week high of $11.32.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Berto Acquisition in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Berto Acquisition

Hedge funds have recently modified their holdings of the company. Cannon Global Investment Management LLC grew its holdings in shares of Berto Acquisition by 55.8% in the fourth quarter. Cannon Global Investment Management LLC now owns 37,000 shares of the restaurant operator’s stock valued at $375,000 after purchasing an additional 13,258 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Berto Acquisition in the fourth quarter valued at about $26,000. Hudson Bay Capital Management LP grew its holdings in shares of Berto Acquisition by 54.0% in the third quarter. Hudson Bay Capital Management LP now owns 1,266,599 shares of the restaurant operator’s stock valued at $13,185,000 after purchasing an additional 444,007 shares during the period. Alpine Global Management LLC purchased a new stake in shares of Berto Acquisition in the third quarter valued at about $1,295,000. Finally, Heights Capital Management Inc. purchased a new stake in shares of Berto Acquisition in the third quarter valued at about $1,041,000.

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.