Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Rises By 680.7%

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 22,351 shares, an increase of 680.7% from the June 30th total of 2,863 shares. Based on an average daily trading volume, of 232,795 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Millennium Group International Stock Down 0.7%

Shares of NASDAQ MGIH opened at $1.61 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.61. Millennium Group International has a 12 month low of $1.11 and a 12 month high of $4.84. The firm has a fifty day simple moving average of $1.51 and a two-hundred day simple moving average of $1.48.

Millennium Group International (NASDAQ:MGIH) last posted its earnings results on Thursday, June 25th. The company reported ($0.15) EPS for the quarter. The firm had revenue of $5.43 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Millennium Group International in a research report on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Millennium Group International presently has a consensus rating of “Sell”.

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.