Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Up 34.9% in December

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 8,417 shares, a growth of 34.9% from the November 30th total of 6,240 shares. Based on an average daily trading volume, of 42,172 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 42,172 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Millennium Group International in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Millennium Group International Stock Performance

Shares of MGIH stock traded down $0.04 during trading hours on Tuesday, hitting $1.25. 4,213 shares of the company’s stock traded hands, compared to its average volume of 44,466. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.87 and a quick ratio of 1.73. The stock’s fifty day simple moving average is $1.50 and its two-hundred day simple moving average is $1.74. Millennium Group International has a 12-month low of $1.11 and a 12-month high of $4.84.

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.