Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Expands By 406.9%

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 41,608 shares, a growth of 406.9% from the January 15th total of 8,209 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 79,753 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 79,753 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Millennium Group International in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Millennium Group International Stock Down 2.7%

Shares of Millennium Group International stock opened at $1.45 on Wednesday. The business has a 50-day simple moving average of $1.41 and a 200-day simple moving average of $1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.87 and a quick ratio of 1.73. Millennium Group International has a one year low of $1.11 and a one year high of $4.84.

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.