Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Up 210.0% in February

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 64,800 shares, a growth of 210.0% from the February 13th total of 20,900 shares. Currently, 5.2% of the company’s shares are sold short. Based on an average trading volume of 1,570,000 shares, the short-interest ratio is currently 0.0 days.

Millennium Group International Price Performance

Shares of NASDAQ MGIH traded down $0.19 during trading hours on Friday, reaching $1.65. The stock had a trading volume of 26,608 shares, compared to its average volume of 492,724. The business’s fifty day moving average price is $1.64 and its two-hundred day moving average price is $1.65. Millennium Group International has a 52-week low of $1.19 and a 52-week high of $6.83. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.01.

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.