NextNav Inc. (NASDAQ:NNAVW – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 41,653 shares, a growth of 2,643.9% from the May 14th total of 1,518 shares. Based on an average trading volume of 168,148 shares, the short-interest ratio is presently 0.2 days.
NextNav Price Performance
Shares of NASDAQ:NNAVW traded down $0.12 during midday trading on Tuesday, reaching $9.28. 97,124 shares of the company’s stock were exchanged, compared to its average volume of 97,523. The company’s 50 day simple moving average is $8.77 and its two-hundred day simple moving average is $7.44. NextNav has a 12 month low of $3.90 and a 12 month high of $13.41.
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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