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

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

Institutional Investors Weigh In On Trailblazer Merger Co. I

A number of large investors have recently modified their holdings of TBMC. Toronto Dominion Bank acquired a new position in Trailblazer Merger Co. I during the fourth quarter worth about $2,671,000. Boothbay Fund Management LLC acquired a new stake in shares of Trailblazer Merger Co. I during the 4th quarter valued at $2,482,000. Harraden Circle Investments LLC bought a new stake in Trailblazer Merger Co. I during the 4th quarter worth $2,426,000. Wolverine Asset Management LLC boosted its stake 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 valued at $1,463,000 after purchasing an additional 131,008 shares in the last quarter. Finally, Quarry LP increased its stake 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 buying an additional 2,710 shares during the period. Institutional investors and hedge funds own 77.13% of the company’s stock.

Trailblazer Merger Co. I Trading Up 0.8 %

NASDAQ TBMC opened at $11.34 on Friday. The firm’s 50 day simple moving average is $11.22 and its 200 day simple moving average is $11.12. Trailblazer Merger Co. I has a 1 year low of $10.58 and a 1 year 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.