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

Millennium Group International Holdings Limited (NASDAQ:MGIHGet Free Report) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 9,700 shares, a decline of 24.8% from the May 15th total of 12,900 shares. Based on an average daily trading volume, of 32,700 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the shares of the stock are sold short.

Millennium Group International Price Performance

Millennium Group International stock traded down $0.06 during midday trading on Friday, hitting $1.30. 23,736 shares of the company’s stock were exchanged, compared to its average volume of 11,043. The stock has a 50-day moving average price of $1.41 and a two-hundred day moving average price of $1.44. Millennium Group International has a 52-week low of $0.89 and a 52-week high of $9.57.

About Millennium Group International

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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.

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