Legato Merger Corp. (NYSEAMERICAN:LEGO – Get Free Report) was the recipient of a significant 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 41,399 shares, the days-to-cover ratio is currently 0.0 days.
Legato Merger Stock Performance
Shares of NYSEAMERICAN LEGO remained flat at $10.00 during trading hours on Friday. The company had a trading volume of 15,460 shares, compared to its average volume of 39,809. Legato Merger has a 12-month low of $9.80 and a 12-month high of $10.08. The company has a 50-day moving average price of $10.00 and a two-hundred day moving average price of $9.94.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Legato Merger stock. Lineage Point Capital LP purchased a new position in shares of Legato Merger Corp. (NYSEAMERICAN:LEGO – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 quarter.
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.
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