Berto Acquisition Corp. II (NASDAQ:GUAC – Get Free Report) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 150,805 shares, a growth of 165,619.8% from the October 15th total of 91 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 238,690 shares, the days-to-cover ratio is currently 0.6 days.
Berto Acquisition Corp. II Stock Performance
NASDAQ GUAC opened at $9.89 on Thursday. The firm has a fifty day moving average price of $9.91. Berto Acquisition Corp. II has a 1 year low of $9.87 and a 1 year high of $10.05.
Analysts Set New Price Targets
Separately, Weiss Ratings started coverage on Berto Acquisition Corp. II in a research report on Monday, September 28th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on GUAC
Berto Acquisition Corp. II Company Profile
Berto Acquisition Corp. II is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses. As a blank-check company, it does not have an established operating business or offer its own products and services. Its primary activity is identifying and evaluating a potential business combination. Until it completes a transaction, Berto Acquisition Corp. II’s business prospects depend on finding a suitable target and obtaining the approvals required to complete a deal.
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