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

Trailblazer Merger Co. I (NASDAQ:TBMC) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 4,100 shares, a growth of 127.8% from the February 13th total of 1,800 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.2% of the shares of the stock are short sold.

Trailblazer Merger Co. I Trading Up 0.5 %

Shares of NASDAQ TBMC opened at $11.31 on Friday. Trailblazer Merger Co. I has a 52 week low of $10.56 and a 52 week high of $11.60. The firm has a 50-day simple moving average of $11.17 and a 200-day simple moving average of $11.09.

Institutional Trading of Trailblazer Merger Co. I

A number of hedge funds have recently bought and sold shares of the business. Quarry LP increased its holdings in shares of Trailblazer Merger Co. I by 51.1% in the third quarter. Quarry LP now owns 8,011 shares of the company’s stock valued at $88,000 after purchasing an additional 2,710 shares during the last quarter. Wolverine Asset Management LLC grew its holdings 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 valued at $1,463,000 after buying an additional 131,008 shares in the last quarter. Harraden Circle Investments LLC acquired a new stake in shares of Trailblazer Merger Co. I in the 4th quarter worth $2,426,000. Boothbay Fund Management LLC purchased a new position in shares of Trailblazer Merger Co. I during the 4th quarter worth $2,482,000. Finally, Toronto Dominion Bank acquired a new position in shares of Trailblazer Merger Co. I during the 4th quarter valued at about $2,671,000. Institutional investors and hedge funds own 77.13% of the company’s stock.

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.