Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Down 23.9% in February

Millennium Group International Holdings Limited (NASDAQ:MGIHGet Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 31,666 shares, a drop of 23.9% from the January 29th total of 41,608 shares. Based on an average daily volume of 19,868 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 19,868 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Millennium Group International in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on Millennium Group International

Millennium Group International Price Performance

NASDAQ:MGIH traded down $0.02 during mid-day trading on Monday, reaching $1.43. The company’s stock had a trading volume of 2,864 shares, compared to its average volume of 35,602. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.87 and a quick ratio of 1.73. The firm’s fifty day moving average price is $1.43 and its two-hundred day moving average price is $1.69. Millennium Group International has a 12-month low of $1.11 and a 12-month high of $4.84.

Millennium Group International Company Profile

(Get Free Report)

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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