Legato Merger Corp. (NYSEAMERICAN:LEGO) Sees Large Growth in Short Interest

Legato Merger Corp. (NYSEAMERICAN:LEGO) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,317 shares, a growth of 192.0% from the April 15th total of 451 shares. Based on an average daily volume of 13,508 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Legato Merger Price Performance

Shares of Legato Merger stock remained flat at $9.89 during trading on Friday. The company had a trading volume of 146 shares, compared to its average volume of 23,707. The stock has a fifty day moving average of $10.09 and a 200 day moving average of $10.85. Legato Merger has a 1 year low of $9.80 and a 1 year high of $9.95.

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.