Millennium Group International Holdings Limited (NASDAQ:MGIH – Get Free Report) saw a significant increase in short interest during 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 volume of 232,795 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on Millennium Group International
Millennium Group International Stock Performance
Millennium Group International (NASDAQ:MGIH – Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The company reported ($0.15) EPS for the quarter. The firm had revenue of $5.43 million for the quarter.
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.
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