Algoma Steel Group Inc. (NASDAQ:ASTLW) Sees Large Decline in Short Interest

Algoma Steel Group Inc. (NASDAQ:ASTLW) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 242 shares, a drop of 89.7% from the June 15th total of 2,356 shares. Based on an average daily volume of 7,908 shares, the short-interest ratio is currently 0.0 days.

Algoma Steel Group Trading Down 0.3%

ASTLW traded down $0.00 on Friday, hitting $0.04. 1,150 shares of the company’s stock were exchanged, compared to its average volume of 30,076. Algoma Steel Group has a fifty-two week low of $0.01 and a fifty-two week high of $0.53. The firm has a 50-day moving average price of $0.04 and a 200-day moving average price of $0.09.

Algoma Steel Group Company Profile

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.