Algoma Steel Group Inc. (NASDAQ:ASTLW) Sees Large Growth in Short Interest

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 6,100 shares, a growth of 84.8% from the February 13th total of 3,300 shares. Based on an average trading volume of 29,700 shares, the days-to-cover ratio is currently 0.2 days.

Algoma Steel Group Stock Up 14.7 %

NASDAQ:ASTLW opened at $0.59 on Friday. The company has a 50 day simple moving average of $1.00 and a two-hundred day simple moving average of $1.50. Algoma Steel Group has a 12 month low of $0.34 and a 12 month high of $2.40.

About Algoma Steel Group

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.