Short Interest in Algoma Steel Group Inc. (NASDAQ:ASTLW) Drops By 52.7%

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 18,400 shares, a decrease of 52.7% from the August 31st total of 38,900 shares. Based on an average daily trading volume, of 40,400 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 40,400 shares, the days-to-cover ratio is presently 0.5 days.

Algoma Steel Group Stock Performance

Shares of NASDAQ ASTLW opened at $0.18 on Friday. The firm’s 50-day moving average price is $0.22 and its 200-day moving average price is $0.34. Algoma Steel Group has a 12-month low of $0.10 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.