Algoma Steel Group Inc. (NASDAQ:ASTLW) Short Interest Up 125.0% in December

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 6,967 shares, an increase of 125.0% from the November 30th total of 3,097 shares. Based on an average daily trading volume, of 68,527 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 68,527 shares, the days-to-cover ratio is presently 0.1 days.

Algoma Steel Group Stock Performance

Shares of NASDAQ:ASTLW opened at $0.11 on Friday. Algoma Steel Group has a 52-week low of $0.10 and a 52-week high of $1.64. The business has a fifty day moving average of $0.16 and a two-hundred day moving average of $0.26.

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.