Algoma Steel Group Inc. Common Shares closed at $4.99 on Nov 5, down 5.31%, 14.0% below its 52-week closing high. Volume of 2.0M shares was 1.69× its 20-day average (above normal).
Split-adjusted performance: +18.0% over one month, -4.2% over six months, +20.8% over one year.
In the quarter ended Jun 30, 2024, revenue was $475.18M, down 23.1% from a year earlier, with a net margin of 0.9%.
Short interest was 4.5M shares at the Oct 15 settlement, down 2.4% from the prior report (5.2% of float, 7.6 days to cover).