Trailblazer Merger Co. I (NASDAQ:TBMC) Short Interest Update

Trailblazer Merger Co. I (NASDAQ:TBMC - Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 1,400 shares, an increase of 75.0% from the September 30th total of 800 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 19,000 shares, the short-interest ratio is presently 0.1 days.

Trailblazer Merger Co. I Stock Performance

Shares of NASDAQ:TBMC remained flat at $11.05 during mid-day trading on Friday. The company had a trading volume of 10 shares, compared to its average volume of 23,927. The stock's 50-day moving average price is $10.96 and its 200 day moving average price is $10.85. Trailblazer Merger Co. I has a 1-year low of $10.36 and a 1-year high of $11.60.

Insider Buying and Selling at Trailblazer Merger Co. I

In other news, major shareholder Aqr Capital Management Holding sold 50,000 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $11.02, for a total value of $551,000.00. Following the completion of the sale, the insider now owns 580 shares of the company's stock, valued at $6,391.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Berkley W R Corp increased its position in shares of Trailblazer Merger Co. I by 416.0% during the second quarter. Berkley W R Corp now owns 825,785 shares of the company's stock worth $8,910,000 after acquiring an additional 665,743 shares during the last quarter. Cowen AND Company LLC raised its position in shares of Trailblazer Merger Co. I by 27.4% in the 2nd quarter. Cowen AND Company LLC now owns 471,724 shares of the company's stock valued at $5,097,000 after purchasing an additional 101,443 shares in the last quarter. Karpus Management Inc. boosted its stake in shares of Trailblazer Merger Co. I by 95.6% during the 1st quarter. Karpus Management Inc. now owns 259,645 shares of the company's stock valued at $2,747,000 after buying an additional 126,895 shares during the last quarter. Warberg Asset Management LLC grew its position in shares of Trailblazer Merger Co. I by 27.8% during the second quarter. Warberg Asset Management LLC now owns 43,736 shares of the company's stock worth $473,000 after buying an additional 9,502 shares in the last quarter. Finally, Mizuho Securities USA LLC acquired a new stake in shares of Trailblazer Merger Co. I during the first quarter worth approximately $336,000. 77.13% of the stock is owned by institutional investors and hedge funds.

Trailblazer Merger Co. I Company Profile

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.