Nuburu, Inc. (NYSEAMERICAN:BURU – Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 420,727 shares, an increase of 81.9% from the September 15th total of 231,357 shares. Based on an average daily trading volume, of 1,445,860 shares, the days-to-cover ratio is presently 0.3 days. Currently, 4.8% of the company’s stock are sold short.
Nuburu Stock Down 39.8%
NYSEAMERICAN BURU traded down $0.39 on Friday, reaching $0.59. The company had a trading volume of 4,371,139 shares, compared to its average volume of 908,499. The firm has a market capitalization of $5.46 million, a PE ratio of -0.00 and a beta of 1.46. Nuburu has a 1 year low of $0.55 and a 1 year high of $87.82. The firm has a 50-day moving average of $1.12 and a 200-day moving average of $4.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.62 and a quick ratio of 0.60.
Nuburu (NYSEAMERICAN:BURU – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($1.46) earnings per share (EPS) for the quarter. The business had revenue of $0.52 million for the quarter.
About Nuburu
Nuburu, Inc develops high-power and high-brightness blue laser technology for industrial manufacturing applications. Its laser systems are designed to process metals that can be difficult to work with using conventional infrared lasers, including copper, gold and aluminum.
The company’s products are intended for applications such as laser welding, additive manufacturing, metal printing and other precision materials-processing operations. Nuburu’s technology is aimed at improving processing speed, weld quality and production flexibility in areas such as electric-vehicle batteries, consumer electronics, aerospace and industrial manufacturing.
Founded in 2015 and headquartered in Colorado, Nuburu became a publicly traded company in 2023 through a business combination with Tailwind Acquisition Corp.
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