Short Interest in Algoma Central Co. (OTCMKTS:AGMJF) Expands By 45.2%

Algoma Central Co. (OTCMKTS:AGMJF) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 6,100 shares, an increase of 45.2% from the October 31st total of 4,200 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 61.0 days.

Algoma Central Price Performance

Shares of OTCMKTS:AGMJF remained flat at $10.90 on Friday. The business’s fifty day simple moving average is $10.88 and its 200 day simple moving average is $10.64. Algoma Central has a twelve month low of $10.00 and a twelve month 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.