Trailblazer Merger Co. I (NASDAQ:TBMC) Sees Significant Decrease in Short Interest

Trailblazer Merger Co. I (NASDAQ:TBMC) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 800 shares, a drop of 42.9% from the November 15th total of 1,400 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 16,600 shares, the short-interest ratio is presently 0.0 days.

Insider Buying and Selling at Trailblazer Merger Co. I

In other Trailblazer Merger Co. I news, major shareholder Aqr Capital Management Holding sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $11.02, for a total transaction of $551,000.00. Following the completion of the sale, the insider now directly owns 580 shares of the company’s stock, valued at approximately $6,391.60. The trade was a 98.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Trailblazer Merger Co. I

Hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Trailblazer Merger Co. I in the second quarter valued at about $57,000. Clear Street LLC grew its position in Trailblazer Merger Co. I by 78,742.9% in the 2nd quarter. Clear Street LLC now owns 5,519 shares of the company’s stock worth $60,000 after purchasing an additional 5,512 shares in the last quarter. Warberg Asset Management LLC increased its stake in Trailblazer Merger Co. I by 27.8% in the 2nd quarter. Warberg Asset Management LLC now owns 43,736 shares of the company’s stock valued at $473,000 after buying an additional 9,502 shares during the last quarter. Cowen AND Company LLC increased its stake in Trailblazer Merger Co. I by 27.4% in the 2nd quarter. Cowen AND Company LLC now owns 471,724 shares of the company’s stock valued at $5,097,000 after buying an additional 101,443 shares during the last quarter. Finally, Berkley W R Corp lifted its position in shares of Trailblazer Merger Co. I by 416.0% during the 2nd quarter. Berkley W R Corp now owns 825,785 shares of the company’s stock worth $8,910,000 after buying an additional 665,743 shares in the last quarter. 77.13% of the stock is owned by hedge funds and other institutional investors.

Trailblazer Merger Co. I Price Performance

Shares of NASDAQ:TBMC remained flat at $11.11 during mid-day trading on Friday. The company had a trading volume of 5 shares, compared to its average volume of 1,768. The firm’s 50-day moving average price is $11.09 and its 200-day moving average price is $10.94. Trailblazer Merger Co. I has a one year low of $10.42 and a one year high of $11.60.

About Trailblazer Merger Co. I

Trailblazer Merger Corporation I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.