Millennium Group International Holdings Limited (NASDAQ:MGIH – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 48,556 shares, a decrease of 47.6% from the August 15th total of 92,685 shares. Based on an average daily trading volume, of 31,754 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.4% of the company’s stock are short sold.
Millennium Group International Stock Performance
Shares of NASDAQ:MGIH traded down $0.04 on Thursday, reaching $1.54. The company had a trading volume of 4,776 shares, compared to its average volume of 130,156. Millennium Group International has a 52-week low of $1.11 and a 52-week high of $3.12. The firm’s 50 day simple moving average is $1.56 and its 200-day simple moving average is $1.50. The company has a current ratio of 1.61, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02.
Millennium Group International (NASDAQ:MGIH – Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The company reported ($0.15) earnings per share for the quarter. The company had revenue of $5.43 million during the quarter.
Wall Street Analyst Weigh In
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.
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