Legato Merger Corp. (NYSEAMERICAN:LEGO) Short Interest Up 239.4% in August

Legato Merger Corp. (NYSEAMERICAN:LEGO – Get Free Report) was the target of a significant increase in short interest in 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 presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Legato Merger Stock Performance

Legato Merger stock remained flat at $10.00 during midday trading on Monday. The company had a trading volume of 132 shares, compared to its average volume of 26,324. Legato Merger has a 12-month low of $9.80 and a 12-month high of $10.00. The stock has a fifty day simple moving average of $9.98 and a two-hundred day simple moving average of $10.07.

Get Legato Merger alerts:

Institutional Investors Weigh In On Legato Merger

A hedge fund recently bought a new position in Legato Merger stock. Lineage Point Capital LP acquired a new stake in Legato Merger Corp. (NYSEAMERICAN:LEGO – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than Legato Merger
• 3 European Banks That Could Win Big From ECB Rate Hikes
• SM Energy’s Civitas Merger Is Paying Off, But the Stock’s Run Raises the Bar
• Intel’s Price Hikes Could Put $120 Back in Play
• Blue-Chip Stocks Are Looking Anything But Boring With Dividends and Big 2026 Gains

Receive News & Ratings for Legato Merger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legato Merger and related companies with MarketBeat.com's FREE daily email newsletter.