Algoma Central Co. (OTCMKTS:AGMJF) Short Interest Down 11.3% in December

Algoma Central Co. (OTCMKTS:AGMJF) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 5,500 shares, a drop of 11.3% from the December 15th total of 6,200 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is currently 5.5 days.

Algoma Central Stock Performance

Algoma Central stock opened at $10.23 on Friday. The firm’s 50 day moving average price is $10.57 and its 200-day moving average price is $10.65. Algoma Central has a 1 year low of $9.99 and a 1 year high of $11.52.

About Algoma Central

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.