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

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 5,000 shares, an increase of 25.0% from the October 31st total of 4,000 shares. Based on an average trading volume of 23,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are sold short.

Millennium Group International Price Performance

MGIH stock traded up $0.04 during mid-day trading on Monday, reaching $1.58. The company’s stock had a trading volume of 7,569 shares, compared to its average volume of 475,830. 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 fifty-two week low of $0.93 and a fifty-two week high of $9.57. The company’s 50 day moving average is $1.65 and its two-hundred day moving average is $1.56.

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.