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

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

Hedge Funds Weigh In On Legato Merger

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

Legato Merger Price Performance

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

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.