NextNav Inc. (NASDAQ:NNAVW – Get Free Report) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 41,653 shares, an increase of 2,643.9% from the May 14th total of 1,518 shares. Based on an average trading volume of 168,148 shares, the days-to-cover ratio is currently 0.2 days.
NextNav Price Performance
NASDAQ:NNAVW traded down $0.12 on Tuesday, reaching $9.28. The stock had a trading volume of 97,124 shares, compared to its average volume of 97,523. NextNav has a 1-year low of $3.90 and a 1-year high of $13.41. The stock has a fifty day moving average price of $8.77 and a 200-day moving average price of $7.44.
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.
Featured Articles
- Five stocks we like better than NextNav
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for NextNav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextNav and related companies with MarketBeat.com's FREE daily email newsletter.
