Algoma Steel Group Inc. (NASDAQ:ASTLW) Sees Large Increase in Short Interest

Algoma Steel Group Inc. (NASDAQ:ASTLW) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 3,700 shares, an increase of 208.3% from the July 15th total of 1,200 shares. Based on an average daily trading volume, of 38,900 shares, the short-interest ratio is currently 0.1 days.

Algoma Steel Group Price Performance

Shares of Algoma Steel Group stock traded down $0.03 during midday trading on Wednesday, reaching $1.30. The company had a trading volume of 3,001 shares, compared to its average volume of 33,606. Algoma Steel Group has a fifty-two week low of $0.78 and a fifty-two week high of $1.97. The stock has a fifty day moving average price of $1.08 and a 200 day moving average price of $1.17.

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.