Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Down 72.5% in July

Millennium Group International Holdings Limited (NASDAQ:MGIHGet Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 6,140 shares, a decrease of 72.5% from the July 15th total of 22,351 shares. Based on an average trading volume of 42,470 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Millennium Group International Trading Down 3.7%

Millennium Group International stock opened at $1.57 on Thursday. The business has a 50 day moving average of $1.55 and a 200-day moving average of $1.50. Millennium Group International has a 1 year low of $1.11 and a 1 year high of $4.84. The company has a quick ratio of 1.44, a current ratio of 1.61 and a debt-to-equity ratio of 0.02.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Millennium Group International in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Millennium Group International presently has an average rating of “Sell”.

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Millennium Group International Company Profile

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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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