Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Declines By 75.1%

Millennium Group International Holdings Limited (NASDAQ:MGIH) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 20,900 shares, a drop of 75.1% from the January 31st total of 84,000 shares. Based on an average daily trading volume, of 1,560,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.7% of the shares of the company are short sold.

Millennium Group International Stock Performance

MGIH opened at $1.38 on Friday. The company’s 50-day simple moving average is $1.70 and its two-hundred day simple moving average is $1.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.98 and a current ratio of 2.29. Millennium Group International has a 52-week low of $1.19 and a 52-week high of $6.83.

Millennium Group International Company Profile

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.