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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 156,200 shares, an increase of 6,691.3% from the December 31st total of 2,300 shares. Based on an average trading volume of 1,230,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 12.5% of the shares of the stock are sold short.

Millennium Group International Price Performance

Shares of MGIH stock traded up $0.12 during trading on Tuesday, hitting $1.82. The company had a trading volume of 51,512 shares, compared to its average volume of 1,298,608. The stock’s 50-day moving average is $1.67 and its two-hundred day moving average is $1.64. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.01. Millennium Group International has a 52 week low of $0.98 and a 52 week high of $9.57.

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.