Short Interest in Algoma Steel Group Inc. (NASDAQ:ASTLW) Rises By 164.3%

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 3,700 shares, an increase of 164.3% from the October 15th total of 1,400 shares. Based on an average trading volume of 44,900 shares, the days-to-cover ratio is currently 0.1 days.

Algoma Steel Group Stock Down 1.2 %

Algoma Steel Group stock opened at $1.96 on Friday. Algoma Steel Group has a 52 week low of $0.78 and a 52 week high of $2.40. The stock has a 50-day moving average price of $1.79 and a 200 day moving average price of $1.40.

Algoma Steel Group Company Profile

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.