Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Down 47.6% in August

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 48,556 shares, a decrease of 47.6% from the August 15th total of 92,685 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,754 shares, the short-interest ratio is currently 1.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Millennium Group International in a research report on Friday, August 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Millennium Group International Stock Performance

Shares of MGIH stock remained flat at $1.53 during trading hours on Tuesday. The company’s stock had a trading volume of 3,907 shares, compared to its average volume of 19,615. Millennium Group International has a 52-week low of $1.11 and a 52-week high of $3.12. The company’s fifty day moving average is $1.56 and its 200 day moving average is $1.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.61.

Millennium Group International (NASDAQ:MGIH) last posted 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.

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.