Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Down 23.9% in February

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 31,666 shares, a decline of 23.9% from the January 29th total of 41,608 shares. Based on an average daily volume of 19,868 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 19,868 shares, the days-to-cover ratio is presently 1.6 days.

Millennium Group International Stock Performance

Shares of NASDAQ MGIH traded down $0.02 during trading on Tuesday, hitting $1.41. 13,298 shares of the company traded hands, compared to its average volume of 35,056. The business’s fifty day moving average is $1.43 and its 200 day moving average is $1.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.87 and a quick ratio of 1.73. Millennium Group International has a fifty-two week low of $1.11 and a fifty-two week high of $4.84.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Millennium Group International in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.