NextNav Inc. (NASDAQ:NNAVW – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,117 shares, an increase of 160.7% from the April 15th total of 1,963 shares. Based on an average trading volume of 86,052 shares, the days-to-cover ratio is presently 0.1 days.
NextNav Stock Performance
NASDAQ:NNAVW opened at $9.87 on Friday. NextNav has a 52 week low of $3.90 and a 52 week high of $13.41. The stock’s fifty day moving average is $7.88 and its two-hundred day moving average is $6.80.
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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