Algoma Steel Group Inc. (NASDAQ:ASTLW – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 18,453 shares, a decrease of 56.8% from the July 30th total of 42,758 shares. Based on an average daily trading volume, of 43,735 shares, the short-interest ratio is presently 0.4 days.
Algoma Steel Group Price Performance
NASDAQ ASTLW traded down $0.01 during trading on Friday, hitting $0.00. 92,295 shares of the company’s stock traded hands, compared to its average volume of 30,919. Algoma Steel Group has a 12-month low of $0.00 and a 12-month high of $0.34. The business has a 50 day moving average of $0.02 and a 200-day moving average of $0.06.
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.
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