Short Interest in Algoma Steel Group Inc. (NASDAQ:ASTLW) Increases By 82.2%

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 441 shares, a growth of 82.2% from the June 30th total of 242 shares. Based on an average daily trading volume, of 31,051 shares, the days-to-cover ratio is presently 0.0 days.

Algoma Steel Group Price Performance

Shares of ASTLW remained flat at $0.01 during midday trading on Thursday. The stock had a trading volume of 13,036 shares, compared to its average volume of 29,302. Algoma Steel Group has a 12-month low of $0.00 and a 12-month high of $0.34. The stock’s 50 day moving average is $0.03 and its 200-day moving average is $0.08.

Algoma Steel Group Company Profile

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.