NextNav Inc. (NASDAQ:NNAVW) Short Interest Down 84.1% in December

NextNav Inc. (NASDAQ:NNAVW) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,400 shares, a decrease of 84.1% from the November 30th total of 8,800 shares. Based on an average trading volume of 168,600 shares, the days-to-cover ratio is currently 0.0 days.

NextNav Price Performance

Shares of NextNav stock traded up $0.11 during trading on Friday, hitting $6.49. 54,749 shares of the stock traded hands, compared to its average volume of 84,918. NextNav has a 52 week low of $0.71 and a 52 week high of $7.35. The firm’s fifty day moving average is $5.73 and its 200-day moving average is $3.85.

About NextNav

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.