Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Drops By 75.1%

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 20,900 shares, a decline of 75.1% from the January 31st total of 84,000 shares. Based on an average daily volume of 1,560,000 shares, the short-interest ratio is presently 0.0 days. Approximately 1.7% of the company’s stock are sold short.

Millennium Group International Stock Down 5.5 %

Shares of MGIH stock opened at $1.38 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 1.98. Millennium Group International has a one year low of $1.19 and a one year high of $6.83. The company’s 50-day moving average is $1.70 and its 200 day moving average is $1.65.

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.