Millennium Group International Holdings Limited (NASDAQ:MGIH) Sees Large Decrease in Short Interest

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 11,911 shares, a drop of 30.1% from the March 15th total of 17,028 shares. Based on an average daily trading volume, of 11,780 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Millennium Group International in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Millennium Group International Trading Up 2.3%

MGIH stock traded up $0.03 during midday trading on Thursday, reaching $1.48. 523 shares of the company’s stock traded hands, compared to its average volume of 9,346. The company has a 50-day moving average price of $1.44 and a two-hundred day moving average price of $1.54. Millennium Group International has a 52 week low of $1.11 and a 52 week high of $4.84.

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.