Algoma Steel Group Inc. (NASDAQ:ASTLW – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 441 shares, an increase of 82.2% from the June 30th total of 242 shares. Based on an average daily trading volume, of 31,051 shares, the short-interest ratio is presently 0.0 days.
Algoma Steel Group Stock Performance
Algoma Steel Group stock opened at $0.01 on Friday. The business has a 50-day moving average of $0.03 and a 200-day moving average of $0.08. Algoma Steel Group has a 1 year low of $0.00 and a 1 year high of $0.34.
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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