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

Algoma Steel Group Inc. (NASDAQ:ASTLW) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 15,700 shares, a growth of 166.1% from the November 30th total of 5,900 shares. Based on an average daily volume of 34,600 shares, the days-to-cover ratio is presently 0.5 days.

Algoma Steel Group Stock Up 11.6 %

ASTLW opened at $1.64 on Friday. Algoma Steel Group has a twelve month low of $0.78 and a twelve month high of $2.40. The business’s 50 day moving average is $1.80 and its 200-day moving average is $1.54.

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.