Nuburu, Inc. (NYSEAMERICAN:BURU) Short Interest Down 19.6% in April

Nuburu, Inc. (NYSEAMERICAN:BURU) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 18,798,941 shares, a decrease of 19.6% from the March 31st total of 23,376,035 shares. Currently, 12.8% of the company’s stock are short sold. Based on an average daily volume of 29,043,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BURU. UBS Group AG lifted its stake 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 worth $651,000 after buying an additional 4,328,156 shares in the last quarter. Millennium Management LLC bought a new position in shares of Nuburu in the fourth quarter worth approximately $121,000. Allworth Financial LP bought a new position in shares of Nuburu in the fourth quarter worth approximately $94,000. Geode Capital Management LLC lifted its stake in shares of Nuburu by 103.6% in the fourth 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 in the last quarter. Finally, State Street Corp bought a new position in shares of Nuburu in the fourth quarter worth approximately $48,000. Institutional investors own 41.61% of the company’s stock.

Nuburu Trading Up 17.8%

BURU traded up $0.05 during midday trading on Thursday, reaching $0.32. The company’s stock had a trading volume of 21,731,391 shares, compared to its average volume of 53,007,244. The firm has a market capitalization of $49.47 million, a price-to-earnings ratio of 0.00 and a beta of 0.84. Nuburu has a 1 year low of $0.15 and a 1 year high of $4.25. The stock’s 50-day moving average is $0.26 and its 200-day moving average is $0.82.

Nuburu (NYSEAMERICAN:BURU) last issued its earnings results on Tuesday, March 31st. The company reported $1.04 earnings per share (EPS) for the quarter. The firm had revenue of ($0.18) million during 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.