Short Interest in Millennium Group International Holdings Limited (NASDAQ:MGIH) Rises By 3,800.0%

by · The Markets Daily

Millennium Group International Holdings Limited (NASDAQ:MGIH – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 3,900 shares, a growth of 3,800.0% from the September 30th total of 100 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 25,300 shares, the short-interest ratio is presently 0.2 days.

Millennium Group International Price Performance

NASDAQ MGIH traded down $0.01 on Friday, reaching $1.69. The company’s stock had a trading volume of 7,384 shares, compared to its average volume of 530,944. The firm’s 50 day moving average is $1.70 and its two-hundred day moving average is $1.54. Millennium Group International has a twelve month low of $0.89 and a twelve month high of $9.57.

Millennium Group International Company Profile

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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.

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