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

Algoma Steel Group Inc. (NASDAQ:ASTLW) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 7,900 shares, a decline of 54.6% from the January 15th total of 17,400 shares. Based on an average daily trading volume, of 37,000 shares, the short-interest ratio is currently 0.2 days.

Algoma Steel Group Trading Up 1.9 %

NASDAQ ASTLW opened at $1.12 on Thursday. Algoma Steel Group has a 1-year low of $0.78 and a 1-year high of $2.40. The company has a 50 day moving average of $1.33 and a 200-day moving average of $1.60.

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.