Nuburu, Inc. (NYSEAMERICAN:BURU) Sees Large Increase in Short Interest

by · The Markets Daily

Nuburu, Inc. (NYSEAMERICAN:BURU – Get Free Report) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 12,930,692 shares, a growth of 744.4% from the October 15th total of 1,531,293 shares. Based on an average daily trading volume, of 132,934,636 shares, the days-to-cover ratio is currently 0.1 days. Currently, 146.7% of the company’s shares are short sold.

Nuburu Stock Down 14.8%

BURU traded down $0.04 on Thursday, hitting $0.23. The company had a trading volume of 7,074,199 shares, compared to its average volume of 8,719,181. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.62 and a quick ratio of 0.60. Nuburu has a 52-week low of $0.16 and a 52-week high of $54.74. The stock has a fifty day simple moving average of $0.62 and a 200-day simple moving average of $7.35. The firm has a market capitalization of $2.13 million, a P/E ratio of -0.00 and a beta of 1.53.

Nuburu (NYSEAMERICAN:BURU – Get Free Report) last posted its earnings results on Friday, August 14th. The company reported ($1.46) earnings per share for the quarter. The business had revenue of $0.52 million during the quarter.

Nuburu Company Profile

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Nuburu, Inc. is a technology company best known for developing high-power blue laser systems for industrial manufacturing. Its laser technology is designed to process metals that can be challenging for conventional infrared lasers, including copper, gold and aluminum. The company’s products are intended for applications such as laser welding, additive manufacturing and other precision metal-processing operations. Nuburu has also announced plans to expand its activities into defense and security markets.

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