Algoma Steel Group Inc. (NASDAQ:ASTLW) Sees Significant Decrease in Short Interest

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,500 shares, a drop of 84.1% from the December 31st total of 15,700 shares. Based on an average trading volume of 41,400 shares, the days-to-cover ratio is currently 0.1 days.

Algoma Steel Group Price Performance

Shares of NASDAQ ASTLW opened at $1.28 on Wednesday. The business has a 50-day moving average of $1.52 and a 200-day moving average of $1.60. Algoma Steel Group has a 12 month low of $0.78 and a 12 month high of $2.40.

Algoma Steel Group Company Profile

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.