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

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,767 shares, a drop of 46.5% from the May 14th total of 5,168 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 6,013 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

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

Millennium Group International Price Performance

NASDAQ:MGIH traded up $0.09 during mid-day trading on Friday, reaching $1.62. 11,676 shares of the company’s stock were exchanged, compared to its average volume of 54,307. Millennium Group International has a one year low of $1.11 and a one year high of $4.84. The business’s fifty day simple moving average is $1.48 and its two-hundred day simple moving average is $1.44.

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.