Short Interest in NextNav Inc. (NASDAQ:NNAVW) Declines By 18.4%

NextNav Inc. (NASDAQ:NNAVW) saw a significant decline in short interest during 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 trading volume of 29,819 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 29,819 shares, the days-to-cover ratio is currently 0.1 days.

NextNav Price Performance

Shares of NASDAQ:NNAVW traded down $0.13 during trading on Wednesday, hitting $6.25. The company had a trading volume of 12,560 shares, compared to its average volume of 121,929. The company has a fifty day simple moving average of $6.56 and a two-hundred day simple moving average of $6.06. NextNav has a one year low of $2.95 and a one year high of $7.90.

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.