Legato Merger Corp. (NYSEAMERICAN:LEGO) Sees Significant Increase in Short Interest

Legato Merger Corp. (NYSEAMERICAN:LEGO) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,932 shares, an increase of 239.4% from the August 15th total of 864 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 42,420 shares, the days-to-cover ratio is currently 0.1 days.

Legato Merger Stock Performance

Shares of NYSEAMERICAN LEGO remained flat at $10.00 during midday trading on Friday. The stock had a trading volume of 8,580 shares, compared to its average volume of 40,055. The business’s 50-day moving average price is $9.98 and its 200 day moving average price is $10.07. Legato Merger has a 12-month low of $9.80 and a 12-month high of $10.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Legato Merger stock. Lineage Point Capital LP bought a new stake in shares of Legato Merger Corp. (NYSEAMERICAN:LEGO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 225,000 shares of the company’s stock, valued at approximately $2,048,000. Lineage Point Capital LP owned approximately 0.72% of Legato Merger as of its most recent SEC filing.

About Legato Merger

Legato Merger Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.