Millennium Group International Holdings Limited (NASDAQ:MGIH – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 8,991 shares, a growth of 224.9% from the May 31st total of 2,767 shares. Based on an average trading volume of 90,239 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Millennium Group International Price Performance
NASDAQ:MGIH opened at $1.44 on Tuesday. The company’s 50-day moving average price is $1.50 and its 200-day moving average price is $1.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.44. Millennium Group International has a twelve month low of $1.11 and a twelve month high of $4.84.
Millennium Group International (NASDAQ:MGIH – Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $5.43 million for the quarter.
Analysts Set New Price Targets
Check Out Our Latest Research Report on MGIH
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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