Short Interest in Algoma Central Co. (OTCMKTS:AGMJF) Rises By 61.5%

Algoma Central Co. (OTCMKTS:AGMJF) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 4,200 shares, an increase of 61.5% from the October 15th total of 2,600 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 14.0 days.

Algoma Central Stock Performance

Algoma Central stock opened at $10.90 on Friday. The company’s 50 day moving average is $10.84 and its two-hundred day moving average is $10.63. Algoma Central has a 52-week low of $10.00 and a 52-week high of $11.52.

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.