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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 5,168 shares, a decrease of 51.7% from the April 30th total of 10,690 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 15,751 shares, the short-interest ratio is currently 0.3 days.

Millennium Group International Trading Up 2.1%

Millennium Group International stock traded up $0.03 during midday trading on Monday, reaching $1.48. The company’s stock had a trading volume of 3,717 shares, compared to its average volume of 19,815. The stock’s 50-day simple moving average is $1.46 and its 200-day simple moving average is $1.44. Millennium Group International has a 52-week low of $1.11 and a 52-week high of $4.84.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Millennium Group International in a research note on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average 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.