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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 20,990 shares, a drop of 33.7% from the February 12th total of 31,666 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 4,291 shares, the short-interest ratio is presently 4.9 days. Based on an average trading volume of 4,291 shares, the short-interest ratio is presently 4.9 days. Currently, 0.2% of the shares of the company are short sold.

Millennium Group International Price Performance

MGIH stock traded up $0.02 during midday trading on Friday, reaching $1.43. The company had a trading volume of 471 shares, compared to its average volume of 5,388. Millennium Group International has a 1-year low of $1.11 and a 1-year high of $4.84. The stock has a 50 day moving average price of $1.46 and a 200-day moving average price of $1.67. The company has a quick ratio of 1.73, a current ratio of 1.87 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

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