Short Interest in Algoma Central Co. (OTCMKTS:AGMJF) Drops By 72.9%

Algoma Central Co. (OTCMKTS:AGMJF) was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 2,600 shares, a decline of 72.9% from the July 31st total of 9,600 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is currently 0.7 days.

Algoma Central Stock Performance

Shares of AGMJF traded up $0.07 during midday trading on Tuesday, hitting $10.75. 1,100 shares of the company’s stock traded hands, compared to its average volume of 1,960. Algoma Central has a 1 year low of $10.00 and a 1 year high of $11.39. The firm’s fifty day moving average is $10.46 and its 200-day moving average is $10.68.

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.