NextNav Inc. (NASDAQ:NNAVW) Short Interest Update

NextNav Inc. (NASDAQ:NNAVW) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,396 shares, a decline of 18.4% from the December 31st total of 2,936 shares. Based on an average daily volume of 29,819 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 29,819 shares, the days-to-cover ratio is presently 0.1 days.

NextNav Price Performance

NASDAQ NNAVW traded down $0.01 during trading hours on Monday, hitting $6.45. The company had a trading volume of 7,334 shares, compared to its average volume of 132,078. NextNav has a fifty-two week low of $2.95 and a fifty-two week high of $7.90. The business has a fifty day simple moving average of $6.55 and a 200-day simple moving average of $6.06.

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.