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

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,900 shares, a decline of 82.4% from the March 15th total of 16,500 shares. Based on an average trading volume of 28,900 shares, the days-to-cover ratio is currently 0.1 days.

Algoma Steel Group Price Performance

Shares of ASTLW traded down $0.01 during mid-day trading on Wednesday, hitting $0.31. 3,894 shares of the company’s stock were exchanged, compared to its average volume of 34,738. Algoma Steel Group has a fifty-two week low of $0.20 and a fifty-two week high of $2.40. The business’s 50 day moving average is $0.60 and its two-hundred day moving average is $1.26.

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.