NextNav Inc. (NASDAQ:NNAVW – Get Free Report) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 1,518 shares, a decline of 70.3% from the April 30th total of 5,117 shares. Based on an average daily trading volume, of 166,487 shares, the short-interest ratio is currently 0.0 days.
NextNav Stock Performance
Shares of NNAVW stock traded down $1.69 during mid-day trading on Friday, reaching $9.06. 161,675 shares of the company’s stock traded hands, compared to its average volume of 87,678. NextNav has a 12 month low of $3.90 and a 12 month high of $13.41. The company’s 50-day moving average price is $8.59 and its 200-day moving average price is $7.24.
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.
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