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

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

Legato Merger Price Performance

Shares of NYSEAMERICAN:LEGO remained flat at $10.00 during trading on Friday. The company’s stock had a trading volume of 125 shares, compared to its average volume of 39,809. Legato Merger has a 52-week low of $9.80 and a 52-week high of $10.08. The firm has a fifty day simple moving average of $10.00 and a two-hundred day simple moving average of $9.94.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Legato Merger stock. Lineage Point Capital LP bought a new stake in Legato Merger Corp. (NYSEAMERICAN:LEGO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Legato Merger Company Profile

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.