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

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 8,991 shares, an increase of 224.9% from the May 31st total of 2,767 shares. Based on an average daily trading volume, of 90,239 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Millennium Group International Stock Down 0.0%

Millennium Group International stock traded down $0.00 during trading hours on Friday, hitting $1.50. The company had a trading volume of 37,195 shares, compared to its average volume of 53,804. Millennium Group International has a one year low of $1.11 and a one year high of $4.84. The firm has a 50-day moving average of $1.50 and a 200 day moving average of $1.45.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Millennium Group International in a research note on Monday, May 11th. One analyst has rated the stock with a Sell rating, Based on data from 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.