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

Short interest is the volume of Algoma Steel Group shares that have been sold short but have not yet been covered or closed out. As of March 15th, traders have sold 16,500 shares of ASTLW short. Learn More on Algoma Steel Group's current short interest.

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. ASTLW shares currently have a short interest ratio of 1.0. Learn More on Algoma Steel Group's short interest ratio.

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

Algoma Steel Group saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 16,500 shares, an increase of 170.5% from the previous total of 6,100 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.

Here is how the short interest of companies in the sector of "basic materials" compare to Algoma Steel Group: Hongli Group Inc. (0.33%), Linde plc (1.21%), BHP Group Limited (0.39%), The Sherwin-Williams Company (2.47%), Southern Copper Co. (7.91%), Rio Tinto Group (0.68%), Ecolab Inc. (0.77%), Air Products and Chemicals, Inc. (1.92%), Freeport-McMoRan Inc. (1.74%), Newmont Co. (1.92%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Invesco QQQ ($26.28 billion), iShares 20+ Year Treasury Bond ETF ($9.53 billion), MicroStrategy Incorporated ($8.50 billion), Apollo Global Management, Inc. ($4.86 billion), Super Micro Computer, Inc. ($4.85 billion), Charter Communications, Inc. ($4.28 billion), Capital One Financial Co. ($4.08 billion), AppLovin Co. ($3.82 billion), Canadian Natural Resources Limited ($3.78 billion), and Schlumberger Limited ($2.87 billion). View all of the most shorted stocks.

Short selling ASTLW is an investing strategy that aims to generate trading profit from Algoma Steel Group as its price is falling. ASTLW shares are trading up $0.03 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.

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

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including ASTLW, twice per month. The most recent reporting period available is March, 15 2025.