Algoma Steel Group Inc. (NASDAQ:ASTLW) Short Interest Up 170.5% in March

Algoma Steel Group Inc. (NASDAQ:ASTLW) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 16,500 shares, a growth of 170.5% from the February 28th total of 6,100 shares. Based on an average daily trading volume, of 28,900 shares, the short-interest ratio is presently 0.6 days.

Algoma Steel Group Price Performance

NASDAQ ASTLW opened at $0.39 on Thursday. Algoma Steel Group has a 12 month low of $0.34 and a 12 month high of $2.40. The stock’s fifty day moving average price is $0.89 and its 200-day moving average price is $1.42.

Algoma Steel Group Company Profile

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.