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

Nuburu, Inc. (NYSEAMERICAN:BURU) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 231,357 shares, a drop of 90.0% from the August 31st total of 2,309,616 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average trading volume of 3,031,314 shares, the short-interest ratio is presently 0.1 days.

Nuburu Stock Down 1.9%

Shares of BURU traded down $0.02 during midday trading on Thursday, hitting $1.04. The company had a trading volume of 1,125,868 shares, compared to its average volume of 794,227. The company’s 50 day moving average price is $1.42 and its 200 day moving average price is $5.43. The stock has a market cap of $9.63 million, a price-to-earnings ratio of -0.00 and a beta of 1.34. Nuburu has a 52 week low of $0.85 and a 52 week high of $170.00. The company has a quick ratio of 0.60, a current ratio of 0.61 and a debt-to-equity ratio of 0.10.

Nuburu (NYSEAMERICAN:BURU) last issued its quarterly earnings results on Friday, August 14th. The company reported ($1.46) EPS for the quarter. The firm had revenue of $0.52 million for the quarter.

About Nuburu

Nuburu, Inc is a U.S.-based industrial technology company that develops high-power, high-brightness blue laser systems for materials processing. Its technology is designed to address applications in which traditional infrared lasers can be less efficient, particularly when working with highly reflective metals such as copper and aluminum.

The company’s products are intended for industrial welding, additive manufacturing, battery production, electric-vehicle and e-mobility manufacturing, and other advanced manufacturing processes.