Berto Acquisition Corp. (NASDAQ:TACO) Short Interest Down 53.8% in April

Berto Acquisition Corp. (NASDAQ:TACO) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 2,116 shares, a decrease of 53.8% from the March 31st total of 4,576 shares. Based on an average daily trading volume, of 69,731 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Berto Acquisition Stock Performance

Shares of TACO stock opened at $10.31 on Monday. Berto Acquisition has a 12-month low of $10.11 and a 12-month high of $11.32. The firm’s 50 day moving average is $10.22 and its 200 day moving average is $10.22.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Berto Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in TACO. Centiva Capital LP raised its position in Berto Acquisition by 69.0% in the third quarter. Centiva Capital LP now owns 1,401,778 shares of the restaurant operator’s stock worth $14,593,000 after acquiring an additional 572,252 shares during the period. Hudson Bay Capital Management LP raised its position in 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 worth $13,185,000 after acquiring an additional 444,007 shares during the period. 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 worth $10,391,000 after acquiring an additional 925,514 shares during the period. Moore Capital Management LP bought a new position in Berto Acquisition in the second quarter worth approximately $10,420,000. Finally, Verbena Value LP bought a new position in Berto Acquisition in the fourth quarter worth approximately $9,103,000.

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.