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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 156,200 shares, an increase of 6,691.3% from the December 15th total of 2,300 shares. Approximately 12.5% of the shares of the stock are short sold. Based on an average trading volume of 1,230,000 shares, the days-to-cover ratio is presently 0.1 days.

Millennium Group International Stock Up 4.0 %

MGIH stock opened at $1.80 on Tuesday. Millennium Group International has a 12 month low of $0.98 and a 12 month high of $9.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 1.98. The firm has a 50 day simple moving average of $1.62 and a 200 day simple moving average of $1.61.

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.