Short Interest in NextNav Inc. (NASDAQ:NNAVW) Rises By 25.2%

NextNav Inc. (NASDAQ:NNAVW) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 107,200 shares, an increase of 25.2% from the March 15th total of 85,600 shares. Based on an average daily volume of 57,100 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On NextNav

An institutional investor recently bought a new position in NextNav stock. Gamco Investors INC. ET AL acquired a new position in shares of NextNav Inc. (NASDAQ:NNAVW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 75,000 shares of the company’s stock, valued at approximately $52,000.

NextNav Price Performance

NextNav stock traded down $0.14 during mid-day trading on Monday, reaching $2.36. The company had a trading volume of 83,056 shares, compared to its average volume of 58,554. NextNav has a 52 week low of $0.55 and a 52 week high of $2.83. The company has a 50 day moving average of $1.52 and a 200-day moving average of $1.19.

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.