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

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

Millennium Group International Stock Down 3.0 %

Shares of Millennium Group International stock traded down $0.05 during trading on Monday, reaching $1.52. 17,988 shares of the company were exchanged, compared to its average volume of 174,810. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.01. Millennium Group International has a twelve month low of $0.98 and a twelve month high of $9.57. The business has a 50-day moving average price of $1.61 and a 200-day moving average price of $1.61.

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.