Nuburu, Inc. (NYSEAMERICAN:BURU) Short Interest Update

Nuburu, Inc. (NYSEAMERICAN:BURU) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 42,485,506 shares, an increase of 81.0% from the January 15th total of 23,473,095 shares. Approximately 9.7% of the shares of the company are sold short. Based on an average daily volume of 35,141,520 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 35,141,520 shares, the days-to-cover ratio is presently 1.2 days. Approximately 9.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Nuburu

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its holdings in shares of Nuburu by 10,337.6% in the third quarter. UBS Group AG now owns 4,370,024 shares of the company’s stock valued at $651,000 after purchasing an additional 4,328,156 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Nuburu by 103.6% during the 4th quarter. Geode Capital Management LLC now owns 1,001,765 shares of the company’s stock worth $159,000 after buying an additional 509,625 shares during the period. State Street Corp bought a new stake in shares of Nuburu during the 4th quarter worth about $48,000. Commonwealth Equity Services LLC acquired a new position in Nuburu in the 4th quarter valued at about $25,000. Finally, Allworth Financial LP acquired a new position in Nuburu in the 4th quarter valued at about $94,000. 41.61% of the stock is owned by institutional investors.

Nuburu Stock Performance

Nuburu stock traded down $0.02 during midday trading on Friday, reaching $0.10. 113,684,017 shares of the company’s stock were exchanged, compared to its average volume of 35,983,608. The stock’s 50-day simple moving average is $0.18 and its 200 day simple moving average is $0.22. The firm has a market cap of $41.83 million, a price-to-earnings ratio of 0.00 and a beta of 0.51. Nuburu has a 52 week low of $0.09 and a 52 week high of $0.85.

Nuburu (NYSEAMERICAN:BURU) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.20) earnings per share (EPS) for the quarter.

Nuburu Company Profile

Nuburu, trading on the NYSE American under the ticker BURU, is a U.S.-based photonics company specializing in the development and manufacture of high-power blue laser diodes and laser systems for industrial manufacturing applications. Leveraging proprietary gallium nitride (GaN) semiconductor technology, Nuburu’s lasers operate at a wavelength of 450 nanometers, offering significantly improved absorption in copper and copper alloys compared to traditional infrared lasers. This enables faster processing speeds, higher precision, and reduced thermal distortion in materials processing tasks such as welding, brazing, cladding, and powder bed fusion additive manufacturing.

Founded in 2018 and headquartered in Chapel Hill, North Carolina, Nuburu serves a global customer base that includes manufacturers in the automotive, electronics, aerospace, and additive manufacturing sectors.