Algoma Central Co. (OTCMKTS:AGMJF) Sees Significant Decline in Short Interest

Algoma Central Co. (OTCMKTS:AGMJF) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 5,500 shares, a decline of 11.3% from the December 15th total of 6,200 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is presently 5.5 days.

Algoma Central Price Performance

Shares of AGMJF opened at $10.23 on Friday. The business’s 50 day simple moving average is $10.57 and its 200-day simple moving average is $10.65. Algoma Central has a 1 year low of $9.99 and a 1 year high of $11.52.

Algoma Central Company Profile

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.