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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 22,351 shares, an increase of 680.7% from the June 30th total of 2,863 shares. Based on an average daily volume of 232,795 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

Millennium Group International Stock Down 0.8%

Shares of MGIH stock opened at $1.61 on Monday. The stock’s 50 day simple moving average is $1.51 and its 200 day simple moving average is $1.48. Millennium Group International has a twelve month low of $1.11 and a twelve month high of $4.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.44.

Millennium Group International (NASDAQ:MGIH) last announced its earnings results on Thursday, June 25th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $5.43 million during the quarter.

Analyst Upgrades and Downgrades

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