Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Decreases By 46.5%

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 2,767 shares, a drop of 46.5% from the May 14th total of 5,168 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 6,013 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Millennium Group International in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Millennium Group International Stock Performance

Shares of MGIH traded up $0.02 during trading hours on Tuesday, hitting $1.58. 5,692 shares of the company were exchanged, compared to its average volume of 26,920. The firm has a fifty day simple moving average of $1.48 and a 200-day simple moving average of $1.44. Millennium Group International has a one year low of $1.11 and a one year high of $4.84.

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.