Algoma Steel Group Inc. (NASDAQ:ASTLW – Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,621 shares, a decline of 37.5% from the April 15th total of 2,592 shares. Based on an average daily volume of 38,601 shares, the short-interest ratio is presently 0.0 days.
Algoma Steel Group Trading Up 18.2%
ASTLW stock opened at $0.03 on Friday. Algoma Steel Group has a 1-year low of $0.02 and a 1-year high of $0.60. The firm has a fifty day moving average price of $0.08 and a two-hundred day moving average price of $0.12.
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.
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