Lilium (NASDAQ:LILMW – Get Free Report) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 13,600 shares, a decline of 16.0% from the March 31st total of 16,200 shares. Based on an average trading volume of 20,000 shares, the days-to-cover ratio is currently 0.7 days.
Lilium Stock Performance
Shares of LILMW stock opened at $0.09 on Friday. Lilium has a 12 month low of $0.06 and a 12 month high of $0.37. The stock has a 50-day moving average price of $0.10 and a 200 day moving average price of $0.11.
Institutional Investors Weigh In On Lilium
A hedge fund recently bought a new stake in Lilium stock. B. Riley Asset Management LLC acquired a new stake in Lilium (NASDAQ:LILMW – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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.
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