Algoma Steel Group Inc. (NASDAQ:ASTLW) Short Interest Update

Algoma Steel Group Inc. (NASDAQ:ASTLW) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 32,700 shares, an increase of 122.4% from the September 30th total of 14,700 shares. Based on an average daily trading volume, of 38,000 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 38,000 shares, the days-to-cover ratio is presently 0.9 days.

Algoma Steel Group Trading Down 29.0%

ASTLW stock opened at $0.17 on Friday. Algoma Steel Group has a 12-month low of $0.10 and a 12-month high of $2.40. The company has a 50 day moving average of $0.22 and a two-hundred day moving average of $0.33.

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.