Berto Acquisition Corp. (NASDAQ:TACO) Stock Short Interest Report for September

Key Points

• Short interest fell 64% to 2,048 shares as of September 30, representing approximately 0.0% of shares outstanding and a 0.0-day days-to-cover ratio.
• TACO shares traded at $10.47, near the midpoint of their $10.11–$10.65 one-year range. The company reported quarterly EPS of $0.03.
• Analyst sentiment remains negative, with a consensus “Sell” rating, while several institutional investors—including Berkley W R Corp.—increased or initiated positions.

Berto Acquisition Corp. (NASDAQ:TACO - Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 2,048 shares, a decline of 64.0% from the September 15th total of 5,689 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 68,079 shares, the days-to-cover ratio is presently 0.0 days.

Berto Acquisition Stock Performance

TACO stock traded up $0.01 during trading on Monday, hitting $10.47. The company had a trading volume of 2,798 shares, compared to its average volume of 83,253. Berto Acquisition has a 1-year low of $10.11 and a 1-year high of $10.65. The firm has a 50-day moving average price of $10.46 and a 200-day moving average price of $10.41.

Berto Acquisition (NASDAQ:TACO - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The restaurant operator reported $0.03 EPS for the quarter.

Wall Street Analyst Weigh In

TACO has been the subject of a number of research reports. Weiss Ratings upgraded shares of Berto Acquisition from a "sell (d-)" rating to a "sell (d)" rating in a report on Monday, August 24th. Wall Street Zen cut Berto Acquisition from a "hold" rating to a "sell" rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Berto Acquisition has a consensus rating of "Sell".

Institutional Investors Weigh In On Berto Acquisition

• It Is Time To Take A Bite Out Of Del Taco Restaurants NASDAQ: TACO

Several large investors have recently modified their holdings of the stock. Berkley W R Corp boosted its holdings in shares of Berto Acquisition by 77.9% in the first quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator's stock valued at $18,682,000 after acquiring an additional 797,864 shares in the last quarter. Governors Lane LP acquired a new position in shares of Berto Acquisition during the second quarter worth about $14,162,000. Lineage Point Capital LP acquired a new position in shares of Berto Acquisition during the fourth quarter worth about $4,862,000. SkyView Investment Advisors LLC acquired a new position in shares of Berto Acquisition during the second quarter worth about $4,549,000. Finally, K2 Principal Fund L.P. increased its stake in shares of Berto Acquisition by 39.2% during the fourth quarter. K2 Principal Fund L.P. now owns 355,204 shares of the restaurant operator's stock worth $3,602,000 after acquiring an additional 100,000 shares during the period.

Berto Acquisition Company Profile

Berto Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol TACO. The company was formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses.

As an acquisition company, Berto does not operate a commercial business or offer products and services of its own. Its activities primarily involve evaluating potential target companies and pursuing a suitable transaction.

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