Short Interest in Trailblazer Merger Co. I (NASDAQ:TBMC) Decreases By 51.2%

Trailblazer Merger Co. I (NASDAQ:TBMC) saw a large decrease in short interest in 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is currently 1.4 days.

Trailblazer Merger Co. I Stock Up 0.8 %

TBMC stock opened at $11.34 on Friday. Trailblazer Merger Co. I has a 52 week low of $10.58 and a 52 week high of $11.61. The business has a 50-day simple moving average of $11.21 and a 200 day simple moving average of $11.12.

Hedge Funds Weigh In On Trailblazer Merger Co. I

Several hedge funds and other institutional investors have recently made changes to their positions in TBMC. Quarry LP boosted its position in shares of Trailblazer Merger Co. I by 51.1% during the 3rd quarter. Quarry LP now owns 8,011 shares of the company’s stock worth $88,000 after acquiring an additional 2,710 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in 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 worth $1,463,000 after purchasing an additional 131,008 shares during the last quarter. Harraden Circle Investments LLC bought a new stake in Trailblazer Merger Co. I during the fourth quarter worth $2,426,000. Boothbay Fund Management LLC acquired a new stake in shares of Trailblazer Merger Co. I in the 4th quarter valued at $2,482,000. Finally, Toronto Dominion Bank bought a new position in shares of Trailblazer Merger Co. I in the 4th quarter valued at $2,671,000. 77.13% of the stock is currently 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.