Berto Acquisition Corp. (NASDAQ:TACO – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,048 shares, a drop of 64.0% from the September 15th total of 5,689 shares. Based on an average trading volume of 68,079 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Hedge Funds Weigh In On Berto Acquisition
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Levin Capital Strategies L.P. purchased a new stake in shares of Berto Acquisition in the first quarter valued at about $102,000. Cannon Global Investment Management LLC lifted its stake in shares of Berto Acquisition by 12.7% in the 1st 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 in the last quarter. Sona Asset Management US LLC purchased a new stake in shares of Berto Acquisition during the 1st quarter worth about $1,697,000. Alpine Global Management LLC increased its position in Berto Acquisition by 141.2% during the 4th quarter. Alpine Global Management LLC now owns 300,000 shares of the restaurant operator’s stock worth $3,042,000 after purchasing an additional 175,597 shares in the last quarter. Finally, Radcliffe Capital Management L.P. increased its position in 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 purchasing an additional 3,100 shares in the last quarter.
Berto Acquisition Stock Up 0.1%
Berto Acquisition stock traded up $0.01 during trading hours on Monday, hitting $10.47. The stock 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 stock’s fifty day moving average is $10.46 and its two-hundred day moving average is $10.41.
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 research report on Monday, August 24th. Wall Street Zen cut Berto Acquisition from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Read Our Latest Analysis on Berto Acquisition
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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