Short Interest in Algoma Central Co. (OTCMKTS:AGMJF) Declines By 90.6%

Algoma Central Co. (OTCMKTS:AGMJF) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,900 shares, a drop of 90.6% from the February 29th total of 30,900 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is currently 2.6 days.

Algoma Central Price Performance

OTCMKTS:AGMJF opened at $11.12 on Thursday. The firm has a 50-day moving average of $11.12 and a 200-day moving average of $10.94. Algoma Central has a one year low of $10.59 and a one year high of $11.69.

About Algoma Central

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