Algoma Steel Group Inc. (NASDAQ:ASTLW) Short Interest Down 84.1% in December

by · The Markets Daily

Algoma Steel Group Inc. (NASDAQ:ASTLW – Get Free Report) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 2,500 shares, a decrease of 84.1% from the December 15th total of 15,700 shares. Based on an average daily trading volume, of 41,400 shares, the short-interest ratio is presently 0.1 days.

Algoma Steel Group Price Performance

NASDAQ ASTLW opened at $1.12 on Tuesday. Algoma Steel Group has a twelve month low of $0.78 and a twelve month high of $2.40. The business’s fifty day moving average is $1.70 and its 200 day moving average is $1.58.

Algoma Steel Group Company Profile

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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.

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