Algoma Steel Group Inc. (NASDAQ:ASTLW) Short Interest Up 164.3% in October

Algoma Steel Group Inc. (NASDAQ:ASTLW) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,700 shares, an increase of 164.3% from the October 15th total of 1,400 shares. Based on an average daily trading volume, of 44,900 shares, the days-to-cover ratio is presently 0.1 days.

Algoma Steel Group Stock Performance

Shares of NASDAQ:ASTLW opened at $1.98 on Thursday. Algoma Steel Group has a 12-month low of $0.78 and a 12-month high of $2.40. The business has a 50 day moving average of $1.78 and a 200-day moving average of $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.