Algoma Steel Group Inc. (NASDAQ:ASTLW – Get Rating) was the recipient of a significant decrease in short interest in December. As of December 30th, there was short interest totalling 9,100 shares, a decrease of 48.6% from the December 15th total of 17,700 shares. Based on an average daily volume of 94,800 shares, the short-interest ratio is presently 0.1 days.

Algoma Steel Group Stock Performance

Shares of NASDAQ ASTLW traded down $0.01 during midday trading on Thursday, reaching $1.37. 100 shares of the stock traded hands, compared to its average volume of 76,966. Algoma Steel Group has a one year low of $0.92 and a one year high of $3.70. The stock has a 50 day moving average of $1.14.

Hedge Funds Weigh In On Algoma Steel Group

Several institutional investors have recently bought and sold shares of the business. Whitebox Advisors LLC purchased a new position in shares of Algoma Steel Group in the 3rd quarter worth approximately $46,000. Virtu Financial LLC grew its stake in Algoma Steel Group by 23.9% during the 3rd quarter. Virtu Financial LLC now owns 65,981 shares of the company's stock worth $63,000 after buying an additional 12,711 shares during the last quarter. Gendell Jeffrey L acquired a new position in Algoma Steel Group during the 3rd quarter valued at about $90,000. Aristeia Capital LLC increased its position in Algoma Steel Group by 2.2% during the 3rd quarter. Aristeia Capital LLC now owns 648,064 shares of the company's stock valued at $627,000 after buying an additional 13,675 shares in the last quarter. Finally, LMR Partners LLP raised its stake in Algoma Steel Group by 116.7% in the third quarter. LMR Partners LLP now owns 1,421,733 shares of the company's stock valued at $9,156,000 after buying an additional 765,542 shares during the last quarter.

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