Short Interest in Algoma Steel Group Inc. (NASDAQ:ASTLW) Decreases By 84.1%

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,500 shares, a decrease of 84.1% from the December 15th total of 15,700 shares. Based on an average daily volume of 41,400 shares, the days-to-cover ratio is currently 0.1 days.

Algoma Steel Group Stock Performance

NASDAQ ASTLW remained flat at $1.12 on Wednesday. 23,469 shares of the company’s stock traded hands, compared to its average volume of 58,809. The business has a 50 day simple moving average of $1.68 and a two-hundred day simple moving average of $1.58. Algoma Steel Group has a 1 year low of $0.78 and a 1 year high of $2.40.

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.