Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Up 6,691.3% in December

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 156,200 shares, a growth of 6,691.3% from the December 15th total of 2,300 shares. Currently, 12.5% of the company’s stock are sold short. Based on an average daily volume of 1,230,000 shares, the days-to-cover ratio is presently 0.1 days.

Millennium Group International Stock Up 4.0 %

MGIH opened at $1.80 on Tuesday. 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 12-month low of $0.98 and a 12-month high of $9.57. The firm’s fifty day moving average price is $1.62 and its 200 day moving average price is $1.61.

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.