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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 5,200 shares, an increase of 23.8% from the July 31st total of 4,200 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is currently 0.2 days.

Millennium Group International Stock Up 3.7 %

NASDAQ:MGIH opened at $1.66 on Friday. The business’s 50-day simple moving average is $1.54 and its two-hundred day simple moving average is $1.54. Millennium Group International has a 52 week low of $0.89 and a 52 week high of $9.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.19 and a quick ratio of 1.92.

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.