Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Declines By 51.7%

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 5,168 shares, a decrease of 51.7% from the April 30th total of 10,690 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 15,751 shares, the short-interest ratio is currently 0.3 days.

Millennium Group International Stock Up 2.1%

Millennium Group International stock traded up $0.03 during midday trading on Monday, hitting $1.48. 3,717 shares of the company were exchanged, compared to its average volume of 19,815. Millennium Group International has a fifty-two week low of $1.11 and a fifty-two week high of $4.84. The business has a fifty day simple moving average of $1.46 and a two-hundred day simple moving average of $1.44.

Analyst Ratings Changes

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