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

Lilium (NASDAQ:LILMW) was the target of a significant drop in short interest during 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 trading volume, of 20,000 shares, the short-interest ratio is currently 0.7 days.

Lilium Stock Performance

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lilium stock. B. Riley Asset Management LLC bought a new position in shares of Lilium (NASDAQ:LILMW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 683,686 shares of the company’s stock, valued at approximately $82,000.

About Lilium

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.