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

Trailblazer Merger Co. I (NASDAQ:TBMC) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 2,000 shares, a decline of 51.2% from the February 28th total of 4,100 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its holdings in Trailblazer Merger Co. I by 51.1% during the 3rd quarter. Quarry LP now owns 8,011 shares of the company’s stock valued at $88,000 after buying an additional 2,710 shares in the last quarter. Wolverine Asset Management LLC grew its stake in Trailblazer Merger Co. I by 32,752.0% in the 4th quarter. Wolverine Asset Management LLC now owns 131,408 shares of the company’s stock worth $1,463,000 after acquiring an additional 131,008 shares in the last quarter. Harraden Circle Investments LLC purchased a new position in shares of Trailblazer Merger Co. I during the fourth quarter worth approximately $2,426,000. Boothbay Fund Management LLC bought a new stake in shares of Trailblazer Merger Co. I during the fourth quarter valued at approximately $2,482,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Trailblazer Merger Co. I in the fourth quarter valued at approximately $2,671,000. 77.13% of the stock is currently owned by institutional investors.

Trailblazer Merger Co. I Stock Up 0.8 %

Shares of Trailblazer Merger Co. I stock opened at $11.34 on Friday. The stock’s fifty day moving average is $11.22 and its two-hundred day moving average is $11.12. Trailblazer Merger Co. I has a 52 week low of $10.58 and a 52 week high of $11.61.

About Trailblazer Merger Co. I

Trailblazer Merger Corp. I is a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or other similar business combination. The company was founded on November 12, 2021 and is headquartered in New York, NY.