Millennium Group International Holdings Limited (NASDAQ:MGIH) Sees Significant Drop in Short Interest

Millennium Group International Holdings Limited (NASDAQ:MGIH – Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 6,140 shares, a decrease of 72.5% from the July 15th total of 22,351 shares. Based on an average daily trading volume, of 42,470 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Millennium Group International in a report on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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Millennium Group International Trading Down 1.9%

Shares of MGIH traded down $0.03 during midday trading on Friday, hitting $1.54. The company’s stock had a trading volume of 44,988 shares, compared to its average volume of 852,672. Millennium Group International has a one year low of $1.11 and a one year high of $4.84. The company’s fifty day simple moving average is $1.55 and its two-hundred 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 announced 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.

About Millennium Group International

(Get Free Report)

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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