NextNav Inc. (NASDAQ:NNAVW) Short Interest Down 70.6% in October

NextNav Inc. (NASDAQ:NNAVW) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 3,000 shares, a decline of 70.6% from the September 30th total of 10,200 shares. Based on an average trading volume of 106,700 shares, the days-to-cover ratio is presently 0.0 days.

NextNav Stock Performance

Shares of NASDAQ NNAVW traded up $0.40 during midday trading on Friday, hitting $3.78. 52,936 shares of the company’s stock were exchanged, compared to its average volume of 69,957. NextNav has a 12 month low of $0.71 and a 12 month high of $3.99. The company’s 50 day moving average price is $2.70 and its 200 day moving average price is $2.98.

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.