Millennium Group International Holdings Limited (NASDAQ:MGIH – Get Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 92,685 shares, a growth of 1,409.5% from the July 30th total of 6,140 shares. Based on an average daily trading volume, of 1,587,059 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.8% of the shares of the company are sold short.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Millennium Group International in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Read Our Latest Research Report on MGIH
Millennium Group International Trading Down 4.3%
Millennium Group International (NASDAQ:MGIH – Get Free Report) last released its quarterly earnings data on Thursday, June 25th. The company reported ($0.15) earnings per share for the quarter. The company had revenue of $5.43 million during the quarter.
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.
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