Short Interest in Algoma Steel Group Inc. (NASDAQ:ASTLW) Decreases By 85.4%

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 1,200 shares, a decrease of 85.4% from the June 30th total of 8,200 shares. Based on an average daily trading volume, of 35,100 shares, the short-interest ratio is presently 0.0 days.

Algoma Steel Group Stock Performance

NASDAQ:ASTLW traded down $0.04 during trading hours on Thursday, reaching $1.21. 8,702 shares of the company were exchanged, compared to its average volume of 32,854. Algoma Steel Group has a 52-week low of $0.78 and a 52-week high of $1.97. The stock has a 50 day simple moving average of $1.04 and a 200 day simple moving average of $1.19.

Algoma Steel Group Company Profile

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.