Legato Merger Corp. (NYSEAMERICAN:LEGO) Shares Shorted: Short Interest Down 99.6% in September

Legato Merger Corp. (NYSEAMERICAN:LEGO) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 752 shares, a decrease of 99.6% from the September 15th total of 206,594 shares. Based on an average daily volume of 41,399 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Legato Merger Stock Performance

LEGO stock remained flat at $10.00 during midday trading on Friday. The company had a trading volume of 15,460 shares, compared to its average volume of 39,809. Legato Merger has a fifty-two week low of $9.80 and a fifty-two week high of $10.08. The business has a 50 day simple moving average of $10.00 and a 200-day simple moving average of $9.94.

Institutional Investors Weigh In On Legato Merger

An institutional investor recently bought a new position in Legato Merger stock. Lineage Point Capital LP purchased a new stake in shares of Legato Merger Corp. (NYSEAMERICAN:LEGO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 at the end of the most recent reporting period.

About Legato Merger

Legato Merger Corp. (NYSE American: LEGO) is a special purpose acquisition company, or SPAC, established to pursue a business combination with one or more private companies.

The company does not operate a conventional business and does not offer products or services of its own. Its activities primarily involve identifying a potential merger or acquisition target, negotiating transaction terms and seeking approval from shareholders and other regulatory authorities.

Until a business combination is completed, Legato Merger Corp.