Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Decreases By 51.7%

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 5,168 shares, a decrease of 51.7% from the April 30th total of 10,690 shares. Based on an average trading volume of 15,751 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Millennium Group International Trading Down 3.7%

NASDAQ:MGIH opened at $1.43 on Wednesday. The company’s 50-day moving average is $1.47 and its two-hundred day moving average is $1.44. Millennium Group International has a 1-year low of $1.11 and a 1-year high of $4.84.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Millennium Group International in a research note on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus 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.