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

Trailblazer Merger Co. I (NASDAQ:TBMC) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 800 shares, a decline of 38.5% from the August 15th total of 1,300 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 16,100 shares, the short-interest ratio is presently 0.0 days.

Trailblazer Merger Co. I Stock Up 0.1 %

Trailblazer Merger Co. I stock traded up $0.01 during trading hours on Friday, hitting $10.93. The company had a trading volume of 32,785 shares, compared to its average volume of 18,012. The firm has a 50-day moving average of $10.86 and a 200 day moving average of $10.76. Trailblazer Merger Co. I has a one year low of $10.31 and a one year high of $11.60.

Hedge Funds Weigh In On Trailblazer Merger Co. I

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP bought a new stake in Trailblazer Merger Co. I in the 2nd quarter valued at $57,000. Clear Street LLC lifted its holdings in shares of Trailblazer Merger Co. I by 78,742.9% during the second quarter. Clear Street LLC now owns 5,519 shares of the company’s stock worth $60,000 after buying an additional 5,512 shares in the last quarter. Condor Capital Management bought a new stake in shares of Trailblazer Merger Co. I in the fourth quarter valued at about $119,000. Mizuho Securities USA LLC acquired a new position in shares of Trailblazer Merger Co. I in the first quarter valued at about $336,000. Finally, Robinson Capital Management LLC increased its position in Trailblazer Merger Co. I by 16.5% during the fourth quarter. Robinson Capital Management LLC now owns 38,658 shares of the company’s stock worth $404,000 after acquiring an additional 5,470 shares during the period. Institutional investors and hedge funds own 77.13% of the company’s stock.

About Trailblazer Merger Co. I

Trailblazer Merger Corporation I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.