Algoma Steel Group Inc. (NASDAQ:ASTLW) Sees Large Decrease in Short Interest

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 2,500 shares, a decline of 84.1% from the December 31st total of 15,700 shares. Based on an average daily trading volume, of 41,400 shares, the short-interest ratio is currently 0.1 days.

Algoma Steel Group Price Performance

ASTLW traded down $0.05 during trading on Tuesday, reaching $1.28. 8,419 shares of the company were exchanged, compared to its average volume of 39,736. Algoma Steel Group has a 52 week low of $0.78 and a 52 week high of $2.40. The firm has a 50 day moving average of $1.52 and a 200 day moving average of $1.60.

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.