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

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,863 shares, a decline of 68.2% from the June 15th total of 8,991 shares. Based on an average daily trading volume, of 8,828 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Millennium Group International Trading Up 10.7%

Shares of Millennium Group International stock traded up $0.16 during trading hours on Tuesday, reaching $1.66. 939,323 shares of the company’s stock were exchanged, compared to its average volume of 40,953. The business has a fifty day moving average of $1.50 and a two-hundred day moving average of $1.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.44. Millennium Group International has a 1 year low of $1.11 and a 1 year high of $4.84.

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

Analysts Set New Price Targets

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