Short Interest in Algoma Steel Group Inc. (NASDAQ:ASTLW) Rises By 170.5%

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 16,500 shares, a growth of 170.5% from the February 28th total of 6,100 shares. Based on an average trading volume of 28,900 shares, the days-to-cover ratio is currently 0.6 days.

Algoma Steel Group Stock Down 1.8 %

Shares of NASDAQ:ASTLW opened at $0.38 on Friday. Algoma Steel Group has a 52-week low of $0.34 and a 52-week high of $2.40. The stock’s 50-day moving average is $0.86 and its 200-day moving average is $1.40.

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.