Del Taco Restaurants June 15th Short Interest Update

Del Taco Restaurants (NASDAQ:TACO) stated gains of 51,755 shares or 1.4% in the short interest. The short interest registered from 3,717,920 on May 31,2016 to 3,769,675 on June 15,2016. In terms of floated shares, the shorted positions stood at 11.7%. The stock has been averaging 199,525 shares daily in trading and would need 19 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Del Taco Restaurants (NASDAQ:TACO): The stock opened at $8.87 on Friday but the bulls could not build on the opening and the stock topped out at $9.07 for the day. The stock traded down to $8.59 during the day, due to lack of any buying support eventually closed down at $8.59 with a loss of -5.60% for the day. The stock had closed at $9.10 on the previous day. The total traded volume was 3,033,588 shares.

The company shares have dropped -42.19% from its 1 Year high price. On Jul 27, 2015, the shares registered one year high at $16.48 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $9.32 and the 200 Day Moving Average price is recorded at $9.85.

Del Taco Restaurants (NASDAQ:TACO) has tumbled 1.6% during the past week and has dropped 9.58% in the last 4 week period. The company has outperformed the S&P 500 by 0.03% in the past week but underperformed the index by 6.84% in the last 4 weeks.

Del Taco Restaurants, Inc., formerly Levy Acquisition Corporation, is a food service company. The Company operates quick service restaurant (QSR) chain under Del Taco in the United States. The Company offers Mexican- cuisine and American classics menu. Its menu includes various categories, such as tacos, burritos, Fresca bowls, American grill, quesadillas and nachos, desserts and shakes, sides and salads, combos and fiesta pack, kids meals, drinks, breakfast, and Buck & Under. In addition, its menu includes Double Beef Classic Taco, Del Combo Burrito, Del Beef Burrito, MACHO Combo Burrito, Double Del Cheeseburger, Bacon Double Del Cheeseburger, Deluxe Chili Cheddar Fries, MACHO Nachos, Caramel Cheesecake Bites, Chocolate Chip Cookies, CrunchTada Tostada and Turkey CrunchTada Tostada, among others. The Company and its franchisees operate approximately 550 restaurants in 16 states.

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