NextNav Inc. (NASDAQ:NNAVW) Sees Significant Increase in Short Interest

NextNav Inc. (NASDAQ:NNAVW) was the target of a large increase in short interest in 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 volume of 124,800 shares, the short-interest ratio is currently 0.1 days.

NextNav Stock Up 0.2 %

Shares of NNAVW traded up $0.01 during trading hours on Tuesday, reaching $6.34. 12,452 shares of the company traded hands, compared to its average volume of 74,292. The stock has a fifty day simple moving average of $3.28 and a 200 day simple moving average of $3.15. NextNav has a fifty-two week low of $0.71 and a fifty-two week high of $6.99.

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.