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

Algoma Steel Group Inc. (NASDAQ:ASTLW) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 242 shares, a decrease 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 Stock Down 0.3%

NASDAQ:ASTLW traded down $0.00 during mid-day trading on Friday, reaching $0.04. The stock had a trading volume of 1,150 shares, compared to its average volume of 30,076. Algoma Steel Group has a 1-year low of $0.01 and a 1-year high of $0.53. The stock’s 50 day simple moving average is $0.04 and its two-hundred day simple moving average is $0.09.

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.