NextNav Inc. (NASDAQ:NNAVW – Get Free Report) was the target of a significant growth in short interest during 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 days-to-cover ratio is presently 0.1 days.
NextNav Trading Down 5.7%
NNAVW stock opened at $10.13 on Friday. NextNav has a 52 week low of $3.90 and a 52 week high of $13.41. The company has a fifty day simple moving average of $7.94 and a two-hundred day simple moving average of $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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