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 August. As of August 14th, there was short interest totaling 92,685 shares, an increase of 1,409.5% from the July 30th total of 6,140 shares. Based on an average daily volume of 1,587,059 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.8% of the company’s shares are short sold.

Millennium Group International Stock Down 4.3%

NASDAQ MGIH traded down $0.07 during trading hours on Tuesday, hitting $1.57. 17,265 shares of the company’s stock were exchanged, compared to its average volume of 848,924. Millennium Group International has a 1-year low of $1.11 and a 1-year high of $4.84. The company has a current ratio of 1.61, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02. The stock has a 50-day simple moving average of $1.55 and a 200 day simple moving average of $1.50.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Millennium Group International in a research note on Friday, August 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Millennium Group International currently has an average 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.