Algoma Steel Group Inc. (NASDAQ:ASTLW – Get Rating) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 109,600 shares, a growth of 3,435.5% from the November 15th total of 3,100 shares. Based on an average daily volume of 121,500 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Algoma Steel Group

Institutional investors have recently added to or reduced their stakes in the stock. LMR Partners LLP increased its position in Algoma Steel Group by 116.7% during the third quarter. LMR Partners LLP now owns 1,421,733 shares of the company's stock worth $9,156,000 after purchasing an additional 765,542 shares during the last quarter. Aristeia Capital LLC grew its stake in Algoma Steel Group by 2.2% during the third quarter. Aristeia Capital LLC now owns 648,064 shares of the company's stock worth $627,000 after buying an additional 13,675 shares during the period. Gendell Jeffrey L purchased a new position in shares of Algoma Steel Group in the third quarter valued at $90,000. Virtu Financial LLC boosted its stake in shares of Algoma Steel Group by 23.9% in the third quarter. Virtu Financial LLC now owns 65,981 shares of the company's stock valued at $63,000 after purchasing an additional 12,711 shares during the period. Finally, Whitebox Advisors LLC acquired a new stake in Algoma Steel Group in the third quarter valued at $46,000.

Algoma Steel Group Trading Down 0.9 %

Shares of Algoma Steel Group stock opened at $1.15 on Tuesday. Algoma Steel Group has a 1 year low of $0.92 and a 1 year high of $3.70. The stock's fifty day simple moving average is $1.13.

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