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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 92,685 shares, a growth of 1,409.5% from the July 30th total of 6,140 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 1,587,059 shares, the days-to-cover ratio is currently 0.1 days.

Millennium Group International Stock Performance

MGIH stock opened at $1.60 on Thursday. The firm’s fifty day moving average is $1.55 and its 200 day moving average is $1.50. Millennium Group International has a 52 week low of $1.11 and a 52 week 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.

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

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.com, the company presently has an average 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.