Short Interest in Legato Merger Corp. (NYSEAMERICAN:LEGO) Declines By 70.6%

Legato Merger Corp. (NYSEAMERICAN:LEGO) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 287 shares, a decrease of 70.6% from the May 31st total of 976 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 9,507 shares, the short-interest ratio is presently 0.0 days.

Legato Merger Price Performance

Shares of LEGO stock remained flat at $9.92 during mid-day trading on Monday. The stock had a trading volume of 17 shares, compared to its average volume of 20,647. Legato Merger has a twelve month low of $9.80 and a twelve month high of $9.95. The firm’s 50-day moving average is $9.90 and its 200-day moving average is $10.55.

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.