NextNav Inc. (NASDAQ:NNAVW – Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,792 shares, a decrease of 18.7% from the February 26th total of 2,205 shares. Based on an average daily volume of 52,657 shares, the short-interest ratio is currently 0.0 days.
NextNav Price Performance
Shares of NASDAQ NNAVW traded down $0.99 during trading on Monday, hitting $6.50. The company had a trading volume of 33,494 shares, compared to its average volume of 68,738. NextNav has a 52 week low of $3.84 and a 52 week high of $9.37. The business’s 50-day moving average is $7.05 and its 200 day moving average is $6.28.
About NextNav
NextNav is a technology company that specializes in next-generation location services, offering a precision positioning platform designed to deliver accurate latitude, longitude and altitude information across a variety of environments. Leveraging a network of ground-based transmitters and advanced signal-processing techniques, NextNav’s system extends the capabilities of traditional satellite-based positioning to deliver reliable indoor and urban canyon coverage. Its service is architected to support applications ranging from emergency response and public safety to asset tracking, IoT, drones and augmented reality.
At the core of NextNav’s offering is its Pinnacle positioning system, which provides z-axis (vertical) location data with floor-level accuracy.
Further Reading
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