Short Interest in NextNav Inc. (NASDAQ:NNAVW) Expands By 233.3%

NextNav Inc. (NASDAQ:NNAVW) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 10,000 shares, an increase of 233.3% from the October 15th total of 3,000 shares. Based on an average daily trading volume, of 124,800 shares, the short-interest ratio is presently 0.1 days.

NextNav Price Performance

NextNav stock traded up $0.01 during midday trading on Tuesday, hitting $6.34. The company’s stock had a trading volume of 12,452 shares, compared to its average volume of 74,292. NextNav has a 12 month low of $0.71 and a 12 month high of $6.99. The stock’s 50-day moving average price is $3.28 and its 200-day moving average price is $3.15.

NextNav Company Profile

NextNav Inc provides next generation positioning, navigation, and timing (PNT) solutions in the United States. It offers Pinnacle, a dedicated vertical positioning network to cover entire metropolitan areas including devices equipped with a barometric pressure sensor with the highest quality wide-area altitude service.