Algoma Steel Group Inc. (NASDAQ:ASTLW) Short Interest Down 37.5% in April

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,621 shares, a decrease of 37.5% from the April 15th total of 2,592 shares. Based on an average daily volume of 38,601 shares, the short-interest ratio is currently 0.0 days.

Algoma Steel Group Stock Performance

NASDAQ ASTLW remained flat at $0.03 on Monday. 42,067 shares of the company’s stock traded hands, compared to its average volume of 33,300. Algoma Steel Group has a 1 year low of $0.02 and a 1 year high of $0.60. The firm’s 50 day simple moving average is $0.08 and its 200-day simple moving average is $0.12.

About Algoma Steel Group

Algoma Steel Group Inc operates as a fully integrated steel producer headquartered in Sault Ste. Marie, Ontario. The company’s primary business activities revolve around the manufacture of carbon steel products through a modern electric arc furnace steelmaking process. Algoma’s flagship facility combines melting, casting, and finishing operations to deliver a range of flat-rolled and long steel products to industrial customers.

Algoma’s product portfolio includes hot-rolled and cold-rolled coils, coated sheet, plate, rebar and merchant bar, as well as value-added services such as steel processing and inventory management.