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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a large increase in short interest in 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. Based on an average daily trading volume, of 1,230,000 shares, the short-interest ratio is currently 0.1 days. Approximately 12.5% of the shares of the company are sold short.

Millennium Group International Trading Up 19.0 %

Shares of MGIH traded up $0.34 during mid-day trading on Wednesday, hitting $2.13. The company’s stock had a trading volume of 16,670,920 shares, compared to its average volume of 2,327,919. 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 1-year low of $0.98 and a 1-year high of $9.57. The firm has a 50-day simple moving average of $1.62 and a 200 day simple moving average of $1.62.

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.