NextNav Inc. (NASDAQ:NNAVW – Get Free Report) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 41,653 shares, an increase of 2,643.9% from the May 14th total of 1,518 shares. Based on an average daily volume of 168,148 shares, the days-to-cover ratio is presently 0.2 days.
NextNav Stock Performance
NASDAQ:NNAVW opened at $10.06 on Thursday. NextNav has a fifty-two week low of $3.90 and a fifty-two week high of $13.41. The firm has a 50-day simple moving average of $8.90 and a two-hundred day simple moving average of $7.52.
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.
Further Reading
- Five stocks we like better than NextNav
- The “Duck Stock” Keeps Quietly Making Money for Shareholders
- As Shares Fall, Analyst Are Boosting their Broadcom Price Targets
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
Receive News & Ratings for NextNav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextNav and related companies with MarketBeat.com's FREE daily email newsletter.
