Short Interest in Algoma Steel Group Inc. (NASDAQ:ASTLW) Decreases By 43.2%

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 2,100 shares, a decrease of 43.2% from the October 31st total of 3,700 shares. Based on an average daily volume of 40,500 shares, the days-to-cover ratio is currently 0.1 days.

Algoma Steel Group Price Performance

Shares of NASDAQ:ASTLW remained flat at $1.87 on Friday. The company’s stock had a trading volume of 1,705 shares, compared to its average volume of 36,635. The firm’s 50-day moving average price is $1.86 and its 200-day moving average price is $1.48. Algoma Steel Group has a 1 year low of $0.78 and a 1 year high of $2.40.

About Algoma Steel Group

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.