Berto Acquisition Corp. (NASDAQ:TACO – Get Free Report) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 13,527 shares, a growth of 560.5% from the September 30th total of 2,048 shares. Based on an average daily trading volume, of 64,654 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.
Institutional Investors Weigh In On Berto Acquisition
Institutional investors have recently modified their holdings of the company. Levin Capital Strategies L.P. purchased a new position in Berto Acquisition during the first quarter worth about $102,000. Sona Asset Management US LLC acquired a new position in shares of Berto Acquisition in the first quarter worth about $1,697,000. SkyView Investment Advisors LLC acquired a new stake in Berto Acquisition during the 2nd quarter valued at approximately $4,549,000. Governors Lane LP bought a new stake in shares of Berto Acquisition in the second quarter worth $14,162,000. Finally, Berkley W R Corp boosted its stake in Berto Acquisition by 77.9% during the 1st 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 during the last quarter.
Berto Acquisition Price Performance
TACO stock opened at $10.49 on Wednesday. The firm has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $10.36. Berto Acquisition has a one year low of $10.11 and a one year high of $10.63.
Berto Acquisition (NASDAQ:TACO – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The restaurant operator reported $0.03 EPS for the quarter.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on TACO shares. Weiss Ratings raised Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 24th. Wall Street Zen lowered shares of Berto Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.
Read Our Latest Stock Analysis on TACO
About Berto Acquisition
Berto Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol TACO. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition or similar transaction, with an operating business.
As a blank-check company, Berto Acquisition does not have an established operating business, product portfolio or customer-facing services of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing the transaction and regulatory requirements associated with becoming a publicly traded operating company.
Publicly available information does not indicate that Berto Acquisition has completed a business combination or established operations in specific geographic markets.
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