Nuburu, Inc. (NYSEAMERICAN:BURU – Get Free Report) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 231,357 shares, a decrease of 90.0% from the August 31st total of 2,309,616 shares. Based on an average daily trading volume, of 3,031,314 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.6% of the company’s shares are sold short.
Nuburu Trading Down 4.8%
Shares of BURU traded down $0.05 during midday trading on Friday, hitting $0.99. The stock had a trading volume of 783,794 shares, compared to its average volume of 890,752. Nuburu has a fifty-two week low of $0.85 and a fifty-two week high of $170.00. The business has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $5.40. The firm has a market cap of $9.17 million, a P/E ratio of -0.00 and a beta of 1.34. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.09.
Nuburu (NYSEAMERICAN:BURU – Get Free Report) last released its earnings results on Friday, August 14th. The company reported ($1.46) earnings per share for the quarter. The firm had revenue of $0.52 million for the quarter.
Nuburu Company Profile
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.
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