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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 2,767 shares, a drop of 46.5% from the May 14th total of 5,168 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,013 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Millennium Group International in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Millennium Group International Stock Down 4.6%

NASDAQ:MGIH traded down $0.08 during mid-day trading on Monday, reaching $1.55. 4,746 shares of the company were exchanged, compared to its average volume of 53,797. Millennium Group International has a 12 month low of $1.11 and a 12 month high of $4.84. The company has a fifty day moving average of $1.48 and a 200 day moving average of $1.44.

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.