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.
Get Algoma Steel Group alerts: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.
Featured Articles
- Get a free copy of the StockNews.com research report on Algoma Steel Group (ASTLW)
- It's Still Too Soon to Shop for Kohl's Stock
- Coinbase Global Stock is a Falling Meat Cleaver
- Three Small-Cap Biotech Stocks to Consider Now
- Two Blue Chip Health Companies The Institutions Are Buying
- What To Expect From The Q4 Earnings Reporting Season
Receive News & Ratings for Algoma Steel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algoma Steel Group and related companies with MarketBeat.com's FREE daily email newsletter.