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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 92,685 shares, an increase of 1,409.5% from the July 30th total of 6,140 shares. Based on an average daily volume of 1,587,059 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.8% of the company’s stock are short sold.

Millennium Group International Trading Down 4.3%

Shares of MGIH opened at $1.57 on Wednesday. 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 firm has a 50-day moving average of $1.55 and a 200-day moving average of $1.50. Millennium Group International has a one year low of $1.11 and a one year high of $4.84.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Millennium Group International in a report on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus 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.