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

Nuburu, Inc. (NYSEAMERICAN:BURU) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 15,687,831 shares, a drop of 72.2% from the February 26th total of 56,381,959 shares. Based on an average daily volume of 40,264,583 shares, the days-to-cover ratio is currently 0.4 days. Approximately 16.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Nuburu

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new position in shares of Nuburu during the fourth quarter worth $121,000. State Street Corp acquired a new stake in Nuburu in the fourth quarter valued at $48,000. Commonwealth Equity Services LLC bought a new position in Nuburu during the 4th quarter worth $25,000. Geode Capital Management LLC raised its position in Nuburu by 103.6% during the 4th quarter. Geode Capital Management LLC now owns 1,001,765 shares of the company’s stock worth $159,000 after purchasing an additional 509,625 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in Nuburu during the 4th quarter worth about $94,000. 41.61% of the stock is currently owned by institutional investors and hedge funds.

Nuburu Stock Performance

Shares of Nuburu stock traded up $0.00 on Thursday, hitting $0.18. The stock had a trading volume of 25,642,021 shares, compared to its average volume of 43,025,860. The stock has a 50 day moving average of $0.53 and a 200 day moving average of $0.97. Nuburu has a twelve month low of $0.17 and a twelve month high of $4.25. The firm has a market capitalization of $18.64 million, a P/E ratio of 0.00 and a beta of 0.58.

Nuburu Company Profile

Nuburu, trading on the NYSE American under the ticker BURU, is a U.S.-based photonics company specializing in the development and manufacture of high-power blue laser diodes and laser systems for industrial manufacturing applications. Leveraging proprietary gallium nitride (GaN) semiconductor technology, Nuburu’s lasers operate at a wavelength of 450 nanometers, offering significantly improved absorption in copper and copper alloys compared to traditional infrared lasers. This enables faster processing speeds, higher precision, and reduced thermal distortion in materials processing tasks such as welding, brazing, cladding, and powder bed fusion additive manufacturing.

Founded in 2018 and headquartered in Chapel Hill, North Carolina, Nuburu serves a global customer base that includes manufacturers in the automotive, electronics, aerospace, and additive manufacturing sectors.