Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Rises By 210.0%

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a significant growth in short interest during the month of 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. Based on an average daily volume of 1,570,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 5.2% of the company’s shares are short sold.

Millennium Group International Price Performance

NASDAQ:MGIH traded up $0.20 during mid-day trading on Thursday, reaching $1.81. 224,812 shares of the company’s stock traded hands, compared to its average volume of 501,123. 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 $1.19 and a 12-month high of $6.83. The company has a 50 day moving average price of $1.64 and a 200-day moving average price of $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.