Legato Merger Corp. (NYSEAMERICAN:LEGO) Short Interest Update

Legato Merger Corp. (NYSEAMERICAN:LEGO) was the target of a large increase in short interest in 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. Based on an average daily trading volume, of 42,420 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Legato Merger Stock Performance

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

Institutional Trading of Legato Merger

An institutional investor recently bought a new position in Legato Merger stock. Lineage Point Capital LP acquired a new stake in shares of Legato Merger Corp. (NYSEAMERICAN:LEGO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 225,000 shares of the company’s stock, valued at approximately $2,048,000. Lineage Point Capital LP owned 0.72% of Legato Merger at the end of the most recent quarter.

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.