Millennium Group International Holdings Limited (NASDAQ:MGIH) Sees Large Growth in Short Interest

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 156,200 shares, a growth of 6,691.3% from the December 15th total of 2,300 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is currently 0.1 days. Approximately 12.5% of the shares of the stock are short sold.

Millennium Group International Stock Performance

MGIH stock traded down $0.05 during midday trading on Monday, reaching $1.52. 17,988 shares of the company’s stock traded hands, compared to its average volume of 174,810. The company has a 50-day simple moving average of $1.61 and a two-hundred day simple moving average of $1.61. Millennium Group International has a 1-year low of $0.98 and a 1-year high of $9.57. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.01.

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.