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

Millennium Group International Holdings Limited (NASDAQ:MGIH) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 3,900 shares, an increase of 3,800.0% from the September 30th total of 100 shares. Approximately 0.3% of the company’s shares 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 during trading hours on Friday, hitting $1.69. 7,384 shares of the stock traded hands, compared to its average volume of 530,944. Millennium Group International has a fifty-two week low of $0.89 and a fifty-two week high of $9.57. The firm has a 50 day moving average price of $1.70 and a 200 day moving average price of $1.54.

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.