Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Grows By 210.0%

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 64,800 shares, an increase of 210.0% from the February 13th total of 20,900 shares. Approximately 5.2% of the company’s stock are sold short. Based on an average daily volume of 1,570,000 shares, the short-interest ratio is currently 0.0 days.

Millennium Group International Stock Up 12.4 %

MGIH traded up $0.20 during trading on Thursday, reaching $1.81. The stock had a trading volume of 224,812 shares, compared to its average volume of 501,123. 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 stock’s 50 day moving average is $1.64 and its two-hundred day moving average is $1.65. Millennium Group International has a one year low of $1.19 and a one year high of $6.83.

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.