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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,863 shares, a drop of 68.2% from the June 15th total of 8,991 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 8,828 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Millennium Group International in a report on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Millennium Group International Stock Performance

Shares of NASDAQ MGIH traded up $0.01 on Monday, reaching $1.52. 3,152 shares of the company’s stock traded hands, compared to its average volume of 34,088. The business’s 50 day simple moving average is $1.50 and its two-hundred day simple moving average is $1.46. Millennium Group International has a 12 month low of $1.11 and a 12 month high of $4.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.44.

Millennium Group International (NASDAQ:MGIH) last issued its quarterly earnings results on Thursday, June 25th. The company reported ($0.15) EPS for the quarter. The firm had revenue of $5.43 million during the quarter.

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.