Short Interest in Algoma Steel Group Inc. (NASDAQ:ASTLW) Grows By 596.0%

Algoma Steel Group Inc. (NASDAQ:ASTLWGet Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 17,400 shares, a growth of 596.0% from the December 31st total of 2,500 shares. Based on an average trading volume of 41,000 shares, the short-interest ratio is presently 0.4 days.

Algoma Steel Group Trading Down 1.2 %

Shares of ASTLW stock traded down $0.02 during trading hours on Thursday, hitting $1.29. The company had a trading volume of 3,300 shares, compared to its average volume of 35,863. Algoma Steel Group has a 12 month low of $0.78 and a 12 month high of $2.40. The firm’s fifty day moving average is $1.49 and its 200 day moving average is $1.60.

About Algoma Steel Group

(Get Free Report)

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.

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