Algoma Steel Group Inc. (NASDAQ:ASTLW) Short Interest Down 56.8% in August

by · The Cerbat Gem

Algoma Steel Group Inc. (NASDAQ:ASTLW – Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 18,453 shares, a decrease of 56.8% from the July 30th total of 42,758 shares. Based on an average daily volume of 43,735 shares, the days-to-cover ratio is presently 0.4 days.

Algoma Steel Group Stock Performance

Shares of Algoma Steel Group stock opened at $0.00 on Monday. Algoma Steel Group has a 12-month low of $0.00 and a 12-month high of $0.34. The company has a 50-day simple moving average of $0.02 and a 200 day simple moving average of $0.06.

Algoma Steel Group Company Profile

(Get Free Report)

Algoma Steel Group Inc operates as a fully integrated steel producer headquartered in Sault Ste. Marie, Ontario. The company’s primary business activities revolve around the manufacture of carbon steel products through a modern electric arc furnace steelmaking process. Algoma’s flagship facility combines melting, casting, and finishing operations to deliver a range of flat-rolled and long steel products to industrial customers.

Algoma’s product portfolio includes hot-rolled and cold-rolled coils, coated sheet, plate, rebar and merchant bar, as well as value-added services such as steel processing and inventory management.

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