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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 22,351 shares, an increase of 680.7% from the June 30th total of 2,863 shares. Based on an average daily trading volume, of 232,795 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Millennium Group International Stock Performance

NASDAQ:MGIH opened at $1.61 on Friday. Millennium Group International has a fifty-two week low of $1.11 and a fifty-two week high of $4.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.44. The business has a 50 day moving average price of $1.51 and a 200-day moving average price of $1.48.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Millennium Group International in a research note on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Millennium Group International presently has a consensus 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.