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Algoma Steel Group (ASTL) Short Interest Ratio & Short Volume

$7.00
-0.13 (-1.82%)
(As of 06/21/2024 ET)

Algoma Steel Group Short Interest Data

Current Short Interest
2,990,000 shares
Previous Short Interest
3,290,000 shares
Change Vs. Previous Month
-9.12%
Dollar Volume Sold Short
$22.90 million
Short Interest Ratio
7.9 Days to Cover
Last Record Date
May 31, 2024
Outstanding Shares
104,120,000 shares
Percentage of Shares Shorted
2.87%
Today's Trading Volume
1,471,558 shares
Average Trading Volume
315,797 shares
Today's Volume Vs. Average
466%
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ASTL Short Interest Over Time

ASTL Days to Cover Over Time

ASTL Percentage of Float Shorted Over Time

Algoma Steel Group Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
5/31/20242,990,000 shares $22.90 million -9.1%N/A7.9 $7.66
5/15/20243,290,000 shares $25.46 million -3.8%N/A7 $7.74
4/30/20243,420,000 shares $26.16 million -2.0%N/A6.3 $7.65
4/15/20243,490,000 shares $26.98 million -6.2%N/A6 $7.73
3/31/20243,720,000 shares $31.58 million +4.8%N/A6 $8.49
3/15/20243,550,000 shares $27.58 million -15.1%N/A5.4 $7.77
2/29/20244,180,000 shares $33.82 million +16.1%N/A5.6 $8.09
2/15/20243,600,000 shares $30.49 million +7.1%N/A5.3 $8.47
1/31/20243,360,000 shares $28.02 million -4.8%N/A4.8 $8.34
1/15/20243,530,000 shares $33.43 million +4.1%N/A5.1 $9.47
12/31/20233,390,000 shares $34.00 million +2.1%N/A5.4 $10.03
12/15/20233,320,000 shares $28.92 million -18.6%N/A5.7 $8.71
11/30/20234,080,000 shares $34.35 million +15.3%N/A8.4 $8.42
11/15/20233,540,000 shares $26.55 million -8.5%N/A7.6 $7.50
10/31/20233,870,000 shares $27.13 million -1.8%N/A7.1 $7.01
10/15/20233,940,000 shares $25.96 million -8.8%N/A8 $6.59
9/30/20234,320,000 shares $29.38 million -0.2%N/A8.3 $6.80
9/15/20234,330,000 shares $29.96 million -1.8%N/A7.1 $6.92
8/31/20234,410,000 shares $33.78 million -6.0%N/A6.3 $7.66
8/15/20234,690,000 shares $35.64 million +5.4%N/A6.2 $7.60
7/31/20234,450,000 shares $34.40 million -4.9%N/A6.6 $7.73
7/15/20234,680,000 shares $34.44 million -10.5%N/A6.7 $7.36
6/30/20235,230,000 shares $37.13 million +8.7%N/A7.6 $7.10
6/15/20234,810,000 shares $37.23 million +4.3%N/A7.2 $7.74
5/31/20234,610,000 shares $31.58 million +26.0%N/A6.2 $6.85
5/15/20233,660,000 shares $26.72 million -32.6%N/A4.1 $7.30
4/30/20235,430,000 shares $40.13 million -4.2%N/A5.2 $7.39
4/15/20235,670,000 shares $43.94 million -5.2%N/A4.9 $7.75
3/31/20235,980,000 shares $48.32 million +3.1%N/A4.6 $8.08
3/15/20235,800,000 shares $44.31 million -10.8%N/A4.1 $7.64
2/28/20236,500,000 shares $52.13 million +8.9%N/A4.9 $8.02
2/15/20235,970,000 shares $49.37 million +10.6%N/A4.8 $8.27
1/31/20235,400,000 shares $45.41 million -4.1%N/A4.5 $8.41
1/15/20235,630,000 shares $35.92 million -4.6%N/A4.9 $6.38
12/30/20225,900,000 shares $37.41 million +3.2%N/A5.2 $6.34
12/15/20225,720,000 shares $33.06 million -1.2%N/A4.8 $5.78
11/30/20225,790,000 shares $38.33 million -2.2%N/A4.8 $6.62
11/15/20225,920,000 shares $39.84 million -1.8%N/A4.7 $6.73
10/31/20226,030,000 shares $41.06 million -10.7%N/A4.4 $6.81
10/15/20226,750,000 shares $43.88 million +12.7%N/A4.2 $6.50
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9/30/20225,990,000 shares $38.58 million +82.1%N/A3 $6.44
9/15/20223,290,000 shares $27.97 million -21.5%N/A1.6 $8.50
8/31/20224,190,000 shares $38.21 million -62.9%N/A1.9 $9.12
8/15/202211,280,000 shares $107.16 million +137.5%40.2%5.4 $9.50
7/31/20224,750,000 shares $43.70 million +53.2%17.0%2.4 $9.20
7/15/20223,100,000 shares $28.30 million +27.1%11.1%1.8 $9.13
6/30/20222,440,000 shares $21.91 million -3.2%8.7%1.9 $8.98
6/15/20222,520,000 shares $23.81 million +16.1%9.0%2.1 $9.45
5/31/20222,170,000 shares $20.83 million -26.2%7.8%2.2 $9.60
5/15/20222,940,000 shares $25.93 million +4.3%10.8%2.8 $8.82
4/30/20222,820,000 shares $26.99 million +7.2%10.3%3 $9.57
4/15/20222,630,000 shares $28.46 million -23.1%11.2%2.9 $10.82
3/31/20223,420,000 shares $38.48 million -31.9%14.6%4.2 $11.25
3/15/20225,020,000 shares $52.26 million -12.9%21.4%7.3 $10.41
2/28/20225,760,000 shares $52.42 million +32.1%25.1%9.5 $9.10
2/15/20224,360,000 shares $39.85 million +12.7%19.0%8.2 $9.14
1/31/20223,870,000 shares $34.75 million +21.7%16.5%6.6 $8.98
1/15/20223,180,000 shares $31.86 million +2.6%13.6%5.7 $10.02
12/31/20213,100,000 shares $33.51 million No Change13.2%5.5 $10.81

ASTL Short Interest - Frequently Asked Questions

What is Algoma Steel Group's current short interest?

Short interest is the volume of Algoma Steel Group shares that have been sold short but have not yet been closed out or covered. As of May 31st, traders have sold 2,990,000 shares of ASTL short. Learn More on Algoma Steel Group's current short interest.

What is a good short interest ratio for Algoma Steel Group?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. ASTL shares currently have a short interest ratio of 8.0. Learn More on Algoma Steel Group's short interest ratio.

Which institutional investors are shorting Algoma Steel Group?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Algoma Steel Group: SIG North Trading ULC, and Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Is Algoma Steel Group's short interest increasing or decreasing?

Algoma Steel Group saw a decrease in short interest in the month of May. As of May 31st, there was short interest totaling 2,990,000 shares, a decrease of 9.1% from the previous total of 3,290,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

How does Algoma Steel Group's short interest compare to its competitors?

Here is how the short interest of companies compare to Algoma Steel Group: SunCoke Energy, Inc. (4.34%), Titan International, Inc. (4.49%), POSCO Holdings Inc. (0.16%), Nucor Co. (2.46%), Steel Dynamics, Inc. (4.31%), ArcelorMittal S.A. (0.49%), Tenaris S.A. (0.67%), United States Steel Co. (9.20%), Ternium S.A. (0.22%), Commercial Metals (2.27%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.43 billion), Charter Communications, Inc. ($3.54 billion), Occidental Petroleum Co. ($3.11 billion), Moderna, Inc. ($2.88 billion), General Motors ($2.62 billion), Royal Caribbean Cruises Ltd. ($2.34 billion), Coinbase Global, Inc. ($2.25 billion), Tractor Supply ($2.12 billion), Dell Technologies Inc. ($1.89 billion), and Enphase Energy, Inc. ($1.72 billion). View all of the most shorted stocks.

What does it mean to sell short Algoma Steel Group stock?

Short selling ASTL is an investing strategy that aims to generate trading profit from Algoma Steel Group as its price is falling. ASTL shares are trading down $0.13 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against Algoma Steel Group?

A short squeeze for Algoma Steel Group occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of ASTL, which in turn drives the price of the stock up even further.

How often is Algoma Steel Group's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including ASTL, twice per month. The most recent reporting period available is May, 31 2024.



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This page (NASDAQ:ASTL) was last updated on 6/22/2024 by MarketBeat.com Staff

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