NextNav Inc. (NASDAQ:NNAVW) Short Interest Down 22.8% in April

NextNav Inc. (NASDAQ:NNAVW) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 82,800 shares, a decline of 22.8% from the March 31st total of 107,200 shares. Based on an average trading volume of 79,300 shares, the days-to-cover ratio is presently 1.0 days.

NextNav Price Performance

NNAVW traded up $0.70 during trading hours on Friday, reaching $3.80. 167,353 shares of the company’s stock traded hands, compared to its average volume of 70,915. NextNav has a 52-week low of $0.58 and a 52-week high of $3.80. The firm has a 50-day moving average price of $1.91 and a 200 day moving average price of $1.32.

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.