Berto Acquisition Corp. (NASDAQ:TACO) Sees Significant Decline in Short Interest

Berto Acquisition Corp. (NASDAQ:TACO - Get Free Report) saw a significant decrease in short interest in 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 69,731 shares, the days-to-cover ratio is currently 0.0 days.Get Berto Acquisition alerts:Institutional Investors Weigh In On Berto AcquisitionDel Taco Is A Tasty Treat For Dividend Growth PortfoliosA number of institutional investors and hedge funds have recently bought and sold shares of TACO. Moore Capital Management LP purchased a new stake in Berto Acquisition in the second quarter valued at approximately $10,420,000. Berkley W R Corp raised its stake 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 valued at $10,391,000 after purchasing an additional 925,514 shares in the last quarter. Verbena Value LP purchased a new stake in Berto Acquisition in the fourth quarter valued at approximately $9,103,000. Hudson Bay Capital Management LP purchased a new stake in Berto Acquisition in the second quarter valued at approximately $8,571,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Berto Acquisition in the second quarter valued at approximately $8,336,000. Berto Acquisition Stock PerformanceTACO stock opened at $10.31 on Friday. The firm has a 50 day moving average of $10.22 and a 200-day moving average of $10.23. Berto Acquisition has a 12 month low of $10.11 and a 12 month high of $11.32. Analysts Set New Price TargetsDel Taco Restaurants Serves Up Combo Platter of Reasons to Buy InSeparately, Weiss Ratings restated a "sell (e+)" rating on shares of Berto Acquisition in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".Check Out Our Latest Analysis on TACOBerto Acquisition Company Profile (Get Free Report)It Is Time To Take A Bite Out Of Del Taco Restaurants NASDAQ: TACODel 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. Read MoreFive stocks we like better than Berto AcquisitionThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Berto Acquisition Right Now?Before you consider Berto Acquisition, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Berto Acquisition wasn't on the list.While Berto Acquisition currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here