Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Update

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

Millennium Group International Stock Performance

Millennium Group International stock opened at $1.82 on Wednesday. The company has a fifty day simple moving average of $1.67 and a 200-day simple moving average of $1.64. 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 52-week low of $0.98 and a 52-week high of $9.57.

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.