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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 84,000 shares, a decline of 68.3% from the January 15th total of 265,400 shares. Based on an average daily volume of 1,550,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 6.7% of the company’s shares are sold short.

Millennium Group International Price Performance

NASDAQ MGIH traded down $0.04 during mid-day trading on Wednesday, hitting $1.57. The company’s stock had a trading volume of 47,096 shares, compared to its average volume of 806,925. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.01. Millennium Group International has a 52-week low of $1.19 and a 52-week high of $6.83. The stock’s fifty day simple moving average is $1.69 and its two-hundred day simple moving average is $1.65.

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.