Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Down 72.5% in July

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 6,140 shares, a drop of 72.5% from the July 15th total of 22,351 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 42,470 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Millennium Group International in a research report on Friday, August 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Millennium Group International Stock Down 3.7%

NASDAQ:MGIH opened at $1.57 on Thursday. Millennium Group International has a twelve month low of $1.11 and a twelve month high of $4.84. The company has a quick ratio of 1.44, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $1.55 and its 200 day simple moving average is $1.50.

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

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.