Short Interest in Legato Merger Corp. (NYSEAMERICAN:LEGO) Increases By 264.8%

Legato Merger Corp. (NYSEAMERICAN:LEGO) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 1,047 shares, a growth of 264.8% from the June 15th total of 287 shares. Based on an average daily volume of 14,340 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Legato Merger Price Performance

Shares of Legato Merger stock remained flat at $9.96 on Monday. The stock had a trading volume of 252 shares, compared to its average volume of 21,963. The stock’s fifty day moving average is $9.91 and its 200-day moving average is $10.46. Legato Merger has a fifty-two week low of $9.80 and a fifty-two week high of $9.97.

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.