Algoma Steel Group Inc. (NASDAQ:ASTLW) Short Interest Update

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,400 shares, an increase of 100.0% from the September 30th total of 700 shares. Based on an average daily trading volume, of 37,300 shares, the days-to-cover ratio is currently 0.0 days.

Algoma Steel Group Stock Performance

ASTLW stock traded down $0.02 on Friday, reaching $1.64. The company’s stock had a trading volume of 11,931 shares, compared to its average volume of 34,658. The business has a fifty day simple moving average of $1.72 and a two-hundred day simple moving average of $1.33. Algoma Steel Group has a 12-month low of $0.78 and a 12-month high of $1.97.

About Algoma Steel Group

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.