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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 8,991 shares, an increase of 224.9% from the May 31st total of 2,767 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 90,239 shares, the short-interest ratio is currently 0.1 days.

Millennium Group International Trading Down 4.0%

Millennium Group International stock traded down $0.06 during trading hours on Monday, hitting $1.44. The company had a trading volume of 1,070 shares, compared to its average volume of 55,389. 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 quick ratio of 1.44, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $1.50 and its 200-day moving average is $1.45.

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 business had revenue of $5.43 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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 data from MarketBeat, the stock 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.