NextNav Inc. (NASDAQ:NNAVW) Short Interest Up 233.3% in October

NextNav Inc. (NASDAQ:NNAVW) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 10,000 shares, a growth of 233.3% from the October 15th total of 3,000 shares. Based on an average daily trading volume, of 124,800 shares, the days-to-cover ratio is presently 0.1 days.

NextNav Stock Down 10.1 %

NextNav stock traded down $0.64 during trading hours on Wednesday, hitting $5.70. 264,517 shares of the company traded hands, compared to its average volume of 75,176. NextNav has a 1-year low of $0.71 and a 1-year high of $6.99. The firm’s 50-day simple moving average is $3.36 and its two-hundred day simple moving average is $3.17.

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.