Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Down 23.9% in February

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 31,666 shares, a decrease of 23.9% from the January 29th total of 41,608 shares. Based on an average daily volume of 19,868 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 19,868 shares, the days-to-cover ratio is currently 1.6 days.

Millennium Group International Trading Down 1.4%

MGIH traded down $0.02 during trading on Monday, reaching $1.43. 2,864 shares of the company traded hands, compared to its average volume of 35,602. Millennium Group International has a 12-month low of $1.11 and a 12-month high of $4.84. The firm has a fifty day simple moving average of $1.43 and a 200 day simple moving average of $1.69. The company has a current ratio of 1.87, a quick ratio of 1.73 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Millennium Group International in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

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.