Algoma Central Co. (OTCMKTS:AGMJF) Sees Large Drop in Short Interest

Algoma Central Co. (OTCMKTS:AGMJF) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 5,500 shares, a decline of 11.3% from the December 31st total of 6,200 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 5.5 days.

Algoma Central Price Performance

AGMJF opened at $10.35 on Friday. Algoma Central has a 52 week low of $9.99 and a 52 week high of $11.52. The firm has a 50-day simple moving average of $10.45 and a two-hundred day simple moving average of $10.64.

Algoma Central Company Profile

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.