NextNav Inc. (NASDAQ:NNAVW – Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 1,518 shares, a decline of 70.3% from the April 30th total of 5,117 shares. Based on an average trading volume of 166,487 shares, the days-to-cover ratio is presently 0.0 days.
NextNav Trading Down 15.7%
NNAVW traded down $1.69 during trading on Friday, hitting $9.06. The company had a trading volume of 161,675 shares, compared to its average volume of 87,678. NextNav has a one year low of $3.90 and a one year high of $13.41. The firm’s 50-day moving average price is $8.59 and its 200 day moving average price is $7.22.
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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