Algoma Central Co. (OTCMKTS:AGMJF) Sees Large Drop in Short Interest

Algoma Central Co. (OTCMKTS:AGMJF) was the recipient of a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 2,600 shares, a drop of 72.9% from the July 31st total of 9,600 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is currently 0.7 days.

Algoma Central Price Performance

Shares of Algoma Central stock traded up $0.07 during trading hours on Tuesday, reaching $10.75. The company had a trading volume of 1,100 shares, compared to its average volume of 1,960. Algoma Central has a one year low of $10.00 and a one year high of $11.39. The business has a fifty day simple moving average of $10.46 and a 200 day simple moving average of $10.68.

About Algoma Central

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.