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

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

Nuburu Stock Down 1.9%

Shares of NYSEAMERICAN BURU traded down $0.02 during midday trading on Thursday, reaching $1.04. 1,125,868 shares of the company’s stock were exchanged, compared to its average volume of 794,227. Nuburu has a 52-week low of $0.85 and a 52-week high of $170.00. The stock has a market capitalization of $9.63 million, a PE ratio of -0.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.60 and a current ratio of 0.61. The business’s fifty day moving average price is $1.42 and its two-hundred day moving average price is $5.43.

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