Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Rises By 23.8%

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 5,200 shares, a growth of 23.8% from the July 31st total of 4,200 shares. Based on an average daily trading volume, of 23,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the company’s shares are short sold.

Millennium Group International Trading Up 3.7 %

Shares of NASDAQ MGIH opened at $1.66 on Friday. The company has a 50 day simple moving average of $1.54 and a 200 day simple moving average of $1.54. The company has a current ratio of 2.19, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. Millennium Group International has a 1 year low of $0.89 and a 1 year high of $9.57.

About Millennium Group International

Millennium Group International Holdings Limited, an investment holding company, provides paper-based packaging solutions in Mainland China, Hong Kong, Vietnam, rest of Southeast Asian countries, Australia, the United States, and internationally. The company offers paper packaging products, including cardboard boxes, gift boxes, displays, corrugated outer cartons, manuals, and user guides to footwear products, sportswear, cookware and kitchenware, smartphones, food and beverage, paper and packaging, non-food-and-beverage-consumables, logistics, e-commerce, and home electronics industries; and packaging solutions to various luxury products industries.