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

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 5,168 shares, a drop of 51.7% from the April 30th total of 10,690 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 15,751 shares, the days-to-cover ratio is currently 0.3 days.

Millennium Group International Price Performance

Shares of NASDAQ:MGIH traded down $0.06 on Tuesday, hitting $1.43. The company had a trading volume of 3,207 shares, compared to its average volume of 19,657. The stock has a 50 day moving average price of $1.47 and a 200 day moving average price of $1.44. Millennium Group International has a 1-year low of $1.11 and a 1-year high of $4.84.

Analyst Ratings Changes

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