Trailblazer Merger Co. I (NASDAQ:TBMC) Short Interest Down 51.2% in March

Trailblazer Merger Co. I (NASDAQ:TBMC) saw a significant drop in short interest in 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 1.4 days.

Trailblazer Merger Co. I Price Performance

Shares of TBMC stock opened at $11.34 on Friday. Trailblazer Merger Co. I has a 12-month low of $10.58 and a 12-month high of $11.61. The firm has a fifty day moving average of $11.22 and a 200-day moving average of $11.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank bought a new position in shares of 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 in the 4th quarter valued at approximately $2,482,000. Harraden Circle Investments LLC bought a new position in shares of Trailblazer Merger Co. I in the fourth quarter valued at $2,426,000. Wolverine Asset Management LLC grew its position in shares of 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 acquiring an additional 131,008 shares during the period. Finally, Quarry LP increased its position in Trailblazer Merger Co. I by 51.1% during the third 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 last quarter. 77.13% of the stock is owned by institutional investors and hedge funds.

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.