Algoma Steel Group Inc. (NASDAQ:ASTLW) Sees Significant Increase in Short Interest

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the recipient of a significant 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 daily trading volume, of 28,900 shares, the short-interest ratio is presently 0.6 days.

Algoma Steel Group Stock Performance

Shares of ASTLW opened at $0.39 on Friday. Algoma Steel Group has a 12 month low of $0.34 and a 12 month high of $2.40. The stock’s 50-day moving average is $0.88 and its two-hundred day moving average is $1.41.

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.