Nuburu, Inc. (NYSEAMERICAN:BURU) Short Interest Update
by Teresa Graham · The Cerbat GemNuburu, Inc. (NYSEAMERICAN:BURU – Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 23,376,035 shares, an increase of 49.0% from the March 15th total of 15,687,831 shares. Currently, 24.2% of the shares of the stock are sold short. Based on an average daily volume of 50,561,869 shares, the days-to-cover ratio is presently 0.5 days.
Nuburu Stock Performance
Nuburu stock traded up $0.01 during midday trading on Tuesday, reaching $0.20. 20,136,716 shares of the company were exchanged, compared to its average volume of 24,305,133. The company has a market capitalization of $31.46 million, a price-to-earnings ratio of 0.00 and a beta of 0.84. The firm’s 50-day simple moving average is $0.35 and its 200-day simple moving average is $0.92. Nuburu has a 1 year low of $0.15 and a 1 year high of $4.25.
Nuburu (NYSEAMERICAN:BURU – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.04 earnings per share for the quarter. The company had revenue of ($0.18) million during the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC acquired a new position in shares of Nuburu in the 4th quarter valued at $121,000. Geode Capital Management LLC boosted its position in shares of Nuburu by 103.6% in the 4th quarter. Geode Capital Management LLC now owns 1,001,765 shares of the company’s stock valued at $159,000 after purchasing an additional 509,625 shares during the period. UBS Group AG boosted its position in shares of Nuburu by 10,337.6% in the 3rd quarter. UBS Group AG now owns 4,370,024 shares of the company’s stock valued at $651,000 after purchasing an additional 4,328,156 shares during the period. State Street Corp acquired a new position in shares of Nuburu in the 4th quarter valued at $48,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Nuburu in the 4th quarter valued at $25,000. Institutional investors own 41.61% of the company’s stock.
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.