Short Interest in Algoma Steel Group Inc. (NASDAQ:ASTLW) Increases By 164.2%

Algoma Steel Group Inc. (NASDAQ:ASTLW) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 48,749 shares, an increase of 164.2% from the August 15th total of 18,453 shares. Based on an average trading volume of 23,491 shares, the short-interest ratio is currently 2.1 days.

Algoma Steel Group Price Performance

Shares of ASTLW stock traded down $0.00 during trading hours on Tuesday, hitting $0.01. 27,911 shares of the company’s stock traded hands, compared to its average volume of 33,353. The stock’s fifty day simple moving average is $0.01 and its two-hundred day simple moving average is $0.05. Algoma Steel Group has a 12-month low of $0.00 and a 12-month high of $0.34.

About Algoma Steel Group

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.