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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 64,800 shares, an increase of 210.0% from the February 13th total of 20,900 shares. Approximately 5.2% of the company’s shares are sold short. Based on an average daily volume of 1,570,000 shares, the short-interest ratio is currently 0.0 days.

Millennium Group International Stock Down 10.3 %

Millennium Group International stock opened at $1.65 on Friday. The stock has a fifty day moving average price of $1.64 and a 200 day moving average price of $1.65. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.01. Millennium Group International has a 52 week low of $1.19 and a 52 week high of $6.83.

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.