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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 5,000 shares, a growth of 25.0% from the October 31st total of 4,000 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 23,000 shares, the days-to-cover ratio is currently 0.2 days.

Millennium Group International Stock Performance

Shares of MGIH traded up $0.04 during trading hours on Monday, reaching $1.58. 7,569 shares of the company traded hands, compared to its average volume of 475,830. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 1.98. Millennium Group International has a 12-month low of $0.93 and a 12-month high of $9.57. The business has a fifty day moving average price of $1.65 and a 200-day moving average price of $1.56.

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.