Nuburu, Inc. (NYSEAMERICAN:BURU) Stock Short Interest Climbs 81.9%

Nuburu, Inc. (NYSEAMERICAN:BURU) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 420,727 shares, a growth of 81.9% from the September 15th total of 231,357 shares. Approximately 4.8% of the company’s shares are short sold. Based on an average daily volume of 1,445,860 shares, the short-interest ratio is currently 0.3 days.

Nuburu Stock Performance

Shares of BURU stock opened at $1.01 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.60 and a current ratio of 0.62. Nuburu has a fifty-two week low of $0.85 and a fifty-two week high of $87.82. The stock has a 50 day moving average price of $1.14 and a two-hundred day moving average price of $4.71. The company has a market capitalization of $9.35 million, a P/E ratio of -0.00 and a beta of 1.46.

Nuburu (NYSEAMERICAN:BURU) last issued its earnings results on Friday, August 14th. The company reported ($1.46) earnings per share (EPS) for the quarter. The firm 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.