NextNav Inc. (NASDAQ:NNAVW – Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 5,117 shares, a growth of 160.7% from the April 15th total of 1,963 shares. Based on an average daily volume of 86,052 shares, the short-interest ratio is currently 0.1 days.
NextNav Stock Down 5.7%
Shares of NASDAQ NNAVW traded down $0.61 during mid-day trading on Friday, reaching $10.13. The company had a trading volume of 123,274 shares, compared to its average volume of 79,493. NextNav has a one year low of $3.90 and a one year high of $13.41. The business’s 50-day simple moving average is $7.94 and its 200 day simple moving average is $6.82.
NextNav Company Profile
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.
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