Short Interest Overview
NextNav Inc. (NASDAQ: NN) is currently under the microscope as short interest remains elevated. As of the latest data, the company has 17.8 million shares sold short, which accounts for approximately 10.5% of its total shares outstanding. This level of short interest suggests a persistent bearish sentiment among institutional and retail traders alike.
Borrowing Costs and Liquidity
As of October 8, 2026, the cost to borrow NN shares is relatively low at 0.3%. While the borrow fee is not currently signaling a supply crunch, the days-to-cover ratio stands at 7.8 days, indicating that it would take over a week of average trading volume for short sellers to cover their positions if they were forced to exit. Investors should monitor these levels closely, as any sudden increase in borrow fees could indicate a tightening of available shares for lending.
Key Takeaways
- Short interest is currently 17.8M shares, or 10.5% of float.
- Days-to-cover ratio is elevated at 7.8 days.
- Current borrow fee is stable at 0.3%.
- The company has seen a 40% increase in shares outstanding over the last two years.
The Bottom Line
With a double-digit short interest percentage and a high days-to-cover ratio, NextNav remains a stock to watch for potential volatility if short sellers are forced to cover.
Signal data sourced from CurvedTrading. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.