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

Legato Merger Corp. (NYSEAMERICAN:LEGO) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,317 shares, an increase of 192.0% from the April 15th total of 451 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 13,508 shares, the days-to-cover ratio is presently 0.1 days.

Legato Merger Stock Performance

Shares of NYSEAMERICAN:LEGO remained flat at $9.89 during midday trading on Friday. The stock had a trading volume of 146 shares, compared to its average volume of 23,707. The stock’s fifty day moving average is $10.09 and its 200 day moving average is $10.85. Legato Merger has a 12 month low of $9.80 and a 12 month high of $9.95.

About Legato Merger

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.