Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Update

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 2,767 shares, a decline of 46.5% from the May 14th total of 5,168 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,013 shares, the days-to-cover ratio is presently 0.5 days.

Millennium Group International Price Performance

Shares of NASDAQ:MGIH traded up $0.09 during midday trading on Friday, hitting $1.62. The stock had a trading volume of 11,676 shares, compared to its average volume of 54,307. The company’s 50-day moving average price is $1.48 and its 200-day moving average price is $1.44. Millennium Group International has a fifty-two week low of $1.11 and a fifty-two week high of $4.84.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Millennium Group International in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.