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 January. As of January 15th, there was short interest totalling 17,400 shares, an increase of 596.0% from the December 31st total of 2,500 shares. Based on an average daily volume of 41,000 shares, the short-interest ratio is presently 0.4 days.

Algoma Steel Group Trading Down 0.8 %

ASTLW traded down $0.01 during mid-day trading on Friday, hitting $1.29. The stock had a trading volume of 3,300 shares, compared to its average volume of 35,863. The stock’s fifty day simple moving average is $1.47 and its 200-day simple moving average is $1.60. 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.