Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Up 25.0% in November

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 5,000 shares, an increase of 25.0% from the October 31st total of 4,000 shares. Based on an average daily trading volume, of 23,000 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Millennium Group International Price Performance

MGIH stock remained flat at $1.54 during mid-day trading on Monday. 6,789 shares of the company’s stock were exchanged, compared to its average volume of 475,828. The stock has a 50-day moving average of $1.65 and a two-hundred day moving average of $1.56. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.01. Millennium Group International has a 52 week low of $0.93 and a 52 week high of $9.57.

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.