Lilium (NASDAQ:LILMW) Short Interest Down 16.0% in April

Lilium (NASDAQ:LILMW) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 13,600 shares, a drop of 16.0% from the March 31st total of 16,200 shares. Based on an average daily volume of 20,000 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lilium stock. B. Riley Asset Management LLC acquired a new stake in shares of Lilium (NASDAQ:LILMW) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 683,686 shares of the company’s stock, valued at approximately $82,000.

Lilium Price Performance

LILMW stock remained flat at $0.09 during midday trading on Tuesday. The company had a trading volume of 2,500 shares, compared to its average volume of 20,029. Lilium has a 52-week low of $0.06 and a 52-week high of $0.37. The stock’s 50 day simple moving average is $0.10 and its 200-day simple moving average is $0.11.

Lilium Company Profile

Lilium N.V. engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training services, maintenance operations, material management and global distribution, flight operations support, ground service equipment, and digital solutions.