Algoma Steel Group Inc. (NASDAQ:ASTLW) Short Interest Down 37.3% in April

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 8,400 shares, a decline of 37.3% from the March 31st total of 13,400 shares. Based on an average daily volume of 32,200 shares, the short-interest ratio is presently 0.3 days.

Algoma Steel Group Trading Up 6.1 %

NASDAQ:ASTLW traded up $0.07 during midday trading on Friday, reaching $1.21. The company had a trading volume of 12,022 shares, compared to its average volume of 31,752. Algoma Steel Group has a 12-month low of $0.88 and a 12-month high of $1.97. The stock’s fifty day simple moving average is $1.26 and its 200-day simple moving average is $1.27.

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.