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

Trailblazer Merger Co. I (NASDAQ:TBMC) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,600 shares, a growth of 33.3% from the January 15th total of 1,200 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is presently 1.1 days. Approximately 0.1% of the company’s shares are short sold.

Trailblazer Merger Co. I Price Performance

Trailblazer Merger Co. I stock opened at $11.16 on Friday. The company has a 50 day moving average price of $11.12 and a 200-day moving average price of $11.04. Trailblazer Merger Co. I has a fifty-two week low of $10.49 and a fifty-two week high of $11.60.

Institutional Trading of Trailblazer Merger Co. I

Several institutional investors and hedge funds have recently modified their holdings of TBMC. Quarry LP raised its stake in shares of Trailblazer Merger Co. I by 51.1% during the third quarter. Quarry LP now owns 8,011 shares of the company’s stock valued at $88,000 after acquiring an additional 2,710 shares in the last quarter. Wolverine Asset Management LLC raised 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 acquiring an additional 131,008 shares in the last quarter. Harraden Circle Investments LLC bought a new stake in shares of Trailblazer Merger Co. I during the fourth quarter valued at approximately $2,426,000. Finally, 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. Institutional investors 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.