Could Allegro Merger Corp. (NASDAQ:ALGR) Go Down After Its Newest Short Interest Report?

October 2, 2018 - By Nellie Frank

The stock of Allegro Merger Corp. (NASDAQ:ALGR) registered a decrease of 94.59% in short interest. ALGR’s total short interest was 39,700 shares in October as published by FINRA. Its down 94.59% from 733,300 shares, reported previously. With 256,700 shares average volume, it will take short sellers 0 days to cover their ALGR’s short positions. The short interest to Allegro Merger Corp.’s float is 0.29%.

It closed at $9.53 lastly. It is down 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Allegro Merger Corp. intends to merge, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination, one or more businesses or entities. The company has market cap of $181.64 million.

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