Short Interest in Trailblazer Merger Co. I (NASDAQ:TBMC) Drops By 51.2%

Trailblazer Merger Co. I (NASDAQ:TBMC) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,000 shares, a drop 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 shares of the company are short sold.

Hedge Funds Weigh In On Trailblazer Merger Co. I

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP boosted its holdings in shares of Trailblazer Merger Co. I by 51.1% during the 3rd quarter. Quarry LP now owns 8,011 shares of the company’s stock worth $88,000 after buying an additional 2,710 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of Trailblazer Merger Co. I by 32,752.0% during the fourth 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 during the period. Harraden Circle Investments LLC acquired a new position in shares of Trailblazer Merger Co. I in the fourth quarter valued at approximately $2,426,000. Boothbay Fund Management LLC acquired a new position in shares of Trailblazer Merger Co. I in the fourth quarter valued at approximately $2,482,000. Finally, Toronto Dominion Bank bought a new position in shares of Trailblazer Merger Co. I during the fourth quarter worth approximately $2,671,000. 77.13% of the stock is currently owned by institutional investors and hedge funds.

Trailblazer Merger Co. I Stock Up 0.8 %

Shares of TBMC stock opened at $11.34 on Friday. Trailblazer Merger Co. I has a 52-week low of $10.58 and a 52-week high of $11.61. The firm’s 50-day moving average is $11.21 and its 200-day moving average is $11.12.

Trailblazer Merger Co. I Company Profile

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.