NextNav Inc. (NASDAQ:NNAVW – Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,963 shares, a drop of 54.7% from the March 31st total of 4,336 shares. Based on an average trading volume of 21,837 shares, the days-to-cover ratio is currently 0.1 days.
NextNav Price Performance
NNAVW stock traded down $0.04 during midday trading on Friday, reaching $8.49. The company’s stock had a trading volume of 100,940 shares, compared to its average volume of 67,543. NextNav has a 52 week low of $3.90 and a 52 week high of $13.41. The business’s 50-day simple moving average is $7.49 and its 200-day simple moving average is $6.47.
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 Stories
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.
