Algoma Steel Group Inc. (NASDAQ:ASTLW – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 42,758 shares, a growth of 9,595.7% from the July 15th total of 441 shares. Based on an average trading volume of 23,459 shares, the short-interest ratio is currently 1.8 days.
Algoma Steel Group Price Performance
NASDAQ ASTLW traded down $0.00 on Tuesday, hitting $0.01. 22,758 shares of the company traded hands, compared to its average volume of 31,104. Algoma Steel Group has a 52-week low of $0.00 and a 52-week high of $0.34. The business’s 50 day moving average price is $0.03 and its 200-day moving average price is $0.07.
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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