Algoma Steel Group Inc. (NASDAQ:ASTLW) Short Interest Down 43.2% in November

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 2,100 shares, a decline of 43.2% from the October 31st total of 3,700 shares. Based on an average daily volume of 40,500 shares, the days-to-cover ratio is currently 0.1 days.

Algoma Steel Group Stock Down 1.1 %

ASTLW traded down $0.02 on Thursday, hitting $1.87. 6,090 shares of the company’s stock traded hands, compared to its average volume of 36,789. Algoma Steel Group has a one year low of $0.78 and a one year high of $2.40. The company’s 50 day simple moving average is $1.85 and its 200-day simple moving average is $1.47.

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.