Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Declines By 84.1%

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 8,200 shares, a decrease of 84.1% from the February 29th total of 51,500 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 1,630,000 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Millennium Group International

A hedge fund recently bought a new stake in Millennium Group International stock. Two Sigma Securities LLC purchased a new position in shares of Millennium Group International Holdings Limited (NASDAQ:MGIH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,579 shares of the company’s stock, valued at approximately $39,000. Two Sigma Securities LLC owned about 0.18% of Millennium Group International at the end of the most recent reporting period. 0.32% of the stock is owned by hedge funds and other institutional investors.

Millennium Group International Stock Down 3.1 %

MGIH stock traded down $0.04 on Wednesday, hitting $1.27. The company’s stock had a trading volume of 34,839 shares, compared to its average volume of 1,766,106. The firm has a 50 day moving average of $1.59 and a two-hundred day moving average of $1.50. Millennium Group International has a 1 year low of $0.89 and a 1 year high of $9.57.

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.