Millennium Group International Holdings Limited (NASDAQ:MGIH) Sees Significant Decrease in Short Interest

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 6,140 shares, a decline of 72.5% from the July 15th total of 22,351 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 42,470 shares, the short-interest ratio is currently 0.1 days.

Millennium Group International Stock Down 1.9%

Shares of Millennium Group International stock traded down $0.03 on Friday, hitting $1.54. 44,988 shares of the company’s stock traded hands, compared to its average volume of 852,672. Millennium Group International has a one year low of $1.11 and a one year 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. The company has a fifty day moving average of $1.55 and a two-hundred day moving average of $1.50.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 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.