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

Nuburu, Inc. (NYSEAMERICAN:BURU) was the recipient of a large growth in short interest in 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. Currently, 146.7% of the company’s shares are short sold. Based on an average daily volume of 132,934,636 shares, the days-to-cover ratio is currently 0.1 days.

Nuburu Stock Performance

Nuburu stock opened at $0.23 on Friday. Nuburu has a fifty-two week low of $0.16 and a fifty-two week high of $54.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.62 and a quick ratio of 0.60. The company has a market cap of $2.13 million, a P/E ratio of -0.00 and a beta of 1.53. The firm’s 50 day simple moving average is $0.62 and its 200-day simple moving average is $7.17.

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

Nuburu Company Profile

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.