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 decline in short interest in the month of September. As of September 30th, there was short interest totaling 752 shares, a decline of 99.6% from the September 15th total of 206,594 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 41,399 shares, the days-to-cover ratio is currently 0.0 days.

Legato Merger Price Performance

LEGO stock remained flat at $10.00 during trading on Friday. 125 shares of the company’s stock traded hands, 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 firm’s 50 day moving average price is $10.00 and its two-hundred day moving average price is $9.94.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Legato Merger stock. Lineage Point Capital LP acquired a new stake in shares of Legato Merger Corp. (NYSEAMERICAN:LEGO) in the second quarter, according to the company in its most recent disclosure 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 as of its most recent SEC filing.

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.