Short Interest in NextNav Inc. (NASDAQ:NNAVW) Grows By 22.8%

NextNav Inc. (NASDAQ:NNAVW) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 44,200 shares, an increase of 22.8% from the June 30th total of 36,000 shares. Based on an average daily volume of 32,800 shares, the short-interest ratio is presently 1.3 days.

NextNav Stock Performance

Shares of NextNav stock traded down $0.07 on Friday, hitting $3.18. 12,386 shares of the company traded hands, compared to its average volume of 51,519. The firm’s 50-day simple moving average is $3.14 and its 200 day simple moving average is $2.33. NextNav has a 12-month low of $0.64 and a 12-month high of $3.99.

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.