View, Inc. (NASDAQ:VIEW) Sees Large Growth in Short Interest

View, Inc. (NASDAQ:VIEW) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 96,300 shares, an increase of 38.6% from the February 29th total of 69,500 shares. Based on an average daily trading volume, of 198,600 shares, the short-interest ratio is currently 0.5 days. Currently, 3.5% of the company’s stock are sold short.

View Price Performance

VIEW stock opened at $1.15 on Friday. The stock’s fifty day simple moving average is $1.35 and its two-hundred day simple moving average is $3.05. The company has a current ratio of 1.82, a quick ratio of 1.63 and a debt-to-equity ratio of 1.54. View has a 1-year low of $0.62 and a 1-year high of $36.04. The stock has a market cap of $4.68 million, a P/E ratio of -0.01 and a beta of 2.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VIEW. Envestnet Asset Management Inc. purchased a new position in View in the first quarter worth $26,000. Swiss National Bank lifted its position in shares of View by 7.4% during the 1st quarter. Swiss National Bank now owns 128,300 shares of the company’s stock valued at $236,000 after buying an additional 8,800 shares during the last quarter. Ergoteles LLC purchased a new position in shares of View during the 1st quarter valued at $522,000. Prudential Financial Inc. purchased a new position in shares of View during the 1st quarter valued at $53,000. Finally, Invesco Ltd. raised its stake in shares of View by 34.5% during the 1st quarter. Invesco Ltd. now owns 7,164,700 shares of the company’s stock valued at $13,184,000 after purchasing an additional 1,839,664 shares during the period. Hedge funds and other institutional investors own 67.11% of the company’s stock.

View Company Profile

View, Inc, a technology company, manufactures and sells smart building products. Its product portfolio includes View Smart Glass that comprise electrochromic glass panels in the form of insulating glass units; Controls, Software and Services, a network infrastructure comprising wiring and controls system that provides a network addressable location, as well as software and algorithms that control the behavior of glass panel in real time; and View Net, a cloud-connected network infrastructure offering that can incorporate and power smart building devices.