Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Update

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 8,991 shares, an increase of 224.9% from the May 31st total of 2,767 shares. Based on an average trading volume of 90,239 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Millennium Group International Stock Down 0.0%

Shares of MGIH stock traded down $0.00 on Friday, reaching $1.50. The company had a trading volume of 37,195 shares, compared to its average volume of 53,804. The business’s 50-day moving average is $1.50 and its 200 day moving average is $1.45. Millennium Group International has a one year low of $1.11 and a one year high of $4.84.

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