Nuburu, Inc. (NYSEAMERICAN:BURU) Short Interest Down 19.6% in April

Nuburu, Inc. (NYSEAMERICAN:BURU) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 18,798,941 shares, a decrease of 19.6% from the March 31st total of 23,376,035 shares. Approximately 12.8% of the shares of the company are sold short. Based on an average daily volume of 29,043,600 shares, the short-interest ratio is presently 0.6 days.

Nuburu Price Performance

Nuburu stock traded up $0.05 during midday trading on Thursday, reaching $0.32. 21,731,391 shares of the company traded hands, compared to its average volume of 53,007,244. The firm has a market capitalization of $49.47 million, a price-to-earnings ratio of 0.00 and a beta of 0.84. The business has a 50 day moving average of $0.26 and a two-hundred day moving average of $0.82. Nuburu has a 12 month low of $0.15 and a 12 month high of $4.25.

Nuburu (NYSEAMERICAN:BURU) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.04 earnings per share for the quarter. The company had revenue of ($0.18) million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new position in Nuburu in the fourth quarter worth approximately $25,000. Geode Capital Management LLC raised its position in Nuburu by 78.4% in the second quarter. Geode Capital Management LLC now owns 259,550 shares of the company’s stock worth $91,000 after acquiring an additional 114,030 shares during the period. State Street Corp bought a new position in Nuburu in the fourth quarter worth approximately $48,000. Allworth Financial LP bought a new position in Nuburu in the fourth quarter worth approximately $94,000. Finally, Millennium Management LLC bought a new position in Nuburu in the fourth quarter worth approximately $121,000. 41.61% of the stock is currently owned by institutional investors.

About Nuburu

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.