Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Drops By 65.6%

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 22,300 shares, a decrease of 65.6% from the February 28th total of 64,800 shares. Based on an average daily trading volume, of 1,570,000 shares, the short-interest ratio is currently 0.0 days. Currently, 1.8% of the shares of the stock are short sold.

Millennium Group International Stock Performance

Shares of NASDAQ:MGIH traded down $0.08 during midday trading on Friday, hitting $1.49. The stock had a trading volume of 32,809 shares, compared to its average volume of 426,038. 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 company’s 50-day moving average price is $1.62 and its 200-day moving average price is $1.65. Millennium Group International has a fifty-two week low of $1.25 and a fifty-two week high of $6.83.

Millennium Group International Company Profile

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.