Algoma Steel Group Inc. (NASDAQ:ASTLW – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 242 shares, a decline of 89.7% from the June 15th total of 2,356 shares. Based on an average trading volume of 7,908 shares, the days-to-cover ratio is presently 0.0 days.
Algoma Steel Group Price Performance
Shares of NASDAQ:ASTLW traded down $0.00 during midday trading on Friday, hitting $0.04. 1,150 shares of the stock were exchanged, compared to its average volume of 30,076. Algoma Steel Group has a 52-week low of $0.01 and a 52-week high of $0.53. The business’s fifty day simple moving average is $0.04 and its two-hundred day simple moving average is $0.09.
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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