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

Legato Merger Corp. (NYSEAMERICAN:LEGO) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 287 shares, a decrease of 70.6% from the May 31st total of 976 shares. Based on an average trading volume of 9,507 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Legato Merger Stock Performance

LEGO stock remained flat at $9.92 on Friday. 17 shares of the company were exchanged, compared to its average volume of 20,647. Legato Merger has a fifty-two week low of $9.80 and a fifty-two week high of $9.95. The company has a 50 day simple moving average of $9.89 and a two-hundred day simple moving average of $10.56.

Legato Merger Company Profile

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.