Algoma Steel Group Inc. (NASDAQ:ASTLW – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 6,967 shares, an increase of 125.0% from the November 30th total of 3,097 shares. Based on an average trading volume of 68,527 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 68,527 shares, the short-interest ratio is presently 0.1 days.
Algoma Steel Group Stock Performance
NASDAQ:ASTLW opened at $0.11 on Monday. The firm’s fifty day simple moving average is $0.16 and its 200 day simple moving average is $0.26. Algoma Steel Group has a twelve month low of $0.10 and a twelve month high of $1.64.
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.
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