Short Interest in Berto Acquisition Corp. (NASDAQ:TACOU) Increases By 3,177.1%

Berto Acquisition Corp. (NASDAQ:TACOU) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 3,441 shares, a growth of 3,177.1% from the April 30th total of 105 shares. Based on an average daily trading volume, of 4,024 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Berto Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new stake in Berto Acquisition in the second quarter valued at approximately $1,077,000. Clear Street Group Inc. bought a new stake in shares of Berto Acquisition during the third quarter worth $336,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Berto Acquisition during the first quarter worth $597,000.

Berto Acquisition Price Performance

Shares of NASDAQ TACOU opened at $10.95 on Thursday. Berto Acquisition has a 12 month low of $10.20 and a 12 month high of $11.26. The stock has a 50-day moving average price of $10.51 and a two-hundred day moving average price of $10.40.

About Berto Acquisition

Berto Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. The company has no commercial operations to date and was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company completed its initial public offering in early 2022, raising gross proceeds through the sale of units each consisting of one share of common stock and a fraction of a warrant.