Nuburu, Inc. (NYSEAMERICAN:BURU) Stock Short Interest Drops 90.0%

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

Nuburu Stock Down 2.4%

Shares of Nuburu stock traded down $0.03 during midday trading on Friday, hitting $1.01. The company had a trading volume of 179,960 shares, compared to its average volume of 669,159. Nuburu has a 52-week low of $0.85 and a 52-week high of $170.00. 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 stock has a market capitalization of $9.40 million, a P/E ratio of -0.00 and a beta of 1.34. The company has a 50 day moving average of $1.42 and a 200 day moving average of $5.43.

Nuburu (NYSEAMERICAN:BURU) last announced its quarterly earnings data on Friday, August 14th. The company reported ($1.46) earnings per share (EPS) for the quarter. The business 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.