Millennium Group International Holdings Limited (NASDAQ:MGIH) Sees Significant Decrease in Short Interest

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 700 shares, a decrease of 86.5% from the August 15th total of 5,200 shares. Based on an average daily volume of 26,800 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Millennium Group International Price Performance

NASDAQ MGIH traded up $0.14 during trading hours on Thursday, reaching $1.73. The company’s stock had a trading volume of 51,177 shares, compared to its average volume of 620,469. The business has a 50-day simple moving average of $1.55 and a 200 day simple moving average of $1.51. Millennium Group International has a 52 week low of $0.89 and a 52 week high of $9.57. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.19.

Millennium Group International Company Profile

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.