Millennium Group International Holdings Limited (NASDAQ:MGIH) Short Interest Up 6,691.3% in January

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 156,200 shares, a growth of 6,691.3% from the December 31st total of 2,300 shares. Approximately 12.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,230,000 shares, the short-interest ratio is currently 0.1 days.

Millennium Group International Stock Performance

NASDAQ:MGIH remained flat at $1.68 during mid-day trading on Thursday. 29,014 shares of the company traded hands, compared to its average volume of 1,164,553. Millennium Group International has a 12-month low of $0.98 and a 12-month high of $9.57. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $1.67 and its 200 day moving average is $1.64.

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.