Nuburu, Inc. (NYSEAMERICAN:BURU) Sees Significant Increase in Short Interest

Nuburu, Inc. (NYSEAMERICAN:BURU) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 7,350,000 shares, a growth of 53.4% from the August 31st total of 4,790,000 shares. Based on an average daily trading volume, of 20,030,000 shares, the short-interest ratio is currently 0.4 days. Currently, 5.6% of the company’s shares are sold short. Currently, 5.6% of the company’s shares are sold short. Based on an average daily trading volume, of 20,030,000 shares, the short-interest ratio is currently 0.4 days.

Nuburu Stock Up 37.7%

Shares of Nuburu stock opened at $0.65 on Thursday. Nuburu has a 12 month low of $0.12 and a 12 month high of $1.60. The stock’s fifty day simple moving average is $0.19 and its 200 day simple moving average is $0.23.

Hedge Funds Weigh In On Nuburu

A hedge fund recently bought a new stake in Nuburu stock. Virtu Financial LLC bought a new position in shares of Nuburu, Inc. (NYSEAMERICAN:BURU) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 166,408 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 0.89% of Nuburu as of its most recent filing with the SEC. Hedge funds and other institutional investors own 41.61% of the company’s stock.

Nuburu Company Profile

Nuburu, Inc engages in high-power, high-brightness blue laser technology business for welding and 3D printing industries worldwide. The company offers Nuburu AO-150 and NUBURU BL. Its products have applications in battery, e-mobility, consumer electronics, and 3D printing metal systems. Nuburu, Inc was founded in 2015 and is headquartered in Centennial, Colorado.