NextNav Inc. (NASDAQ:NNAVW) Short Interest Update

NextNav Inc. (NASDAQ:NNAVW) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,396 shares, a decline of 18.4% from the December 31st total of 2,936 shares. Based on an average daily volume of 29,819 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 29,819 shares, the short-interest ratio is currently 0.1 days.

NextNav Stock Performance

NASDAQ:NNAVW traded down $0.20 during trading hours on Wednesday, reaching $6.18. 10,497 shares of the company were exchanged, compared to its average volume of 121,749. NextNav has a twelve month low of $2.95 and a twelve month high of $7.90. The stock’s 50-day moving average is $6.56 and its 200-day moving average is $6.06.

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.