Short Interest in Algoma Steel Group Inc. (NASDAQ:ASTLW) Grows By 181.0%

Algoma Steel Group Inc. (NASDAQ:ASTLW) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 5,900 shares, an increase of 181.0% from the November 15th total of 2,100 shares. Based on an average daily trading volume, of 32,900 shares, the short-interest ratio is currently 0.2 days.

Algoma Steel Group Stock Performance

Algoma Steel Group stock traded down $0.02 during trading hours on Friday, reaching $1.55. The stock had a trading volume of 18,081 shares, compared to its average volume of 36,045. The business’s 50 day moving average price is $1.85 and its 200-day moving average price is $1.51. Algoma Steel Group has a 52 week low of $0.78 and a 52 week 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.