Trailblazer Merger Co. I (NASDAQ:TBMC) Sees Significant Decline in Short Interest

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

Trailblazer Merger Co. I Trading Up 0.0 %

NASDAQ:TBMC traded up $0.01 during trading hours on Tuesday, reaching $11.26. The company had a trading volume of 10,082 shares, compared to its average volume of 17,982. The firm's 50 day moving average price is $11.22 and its 200-day moving average price is $11.13. Trailblazer Merger Co. I has a 52 week low of $10.58 and a 52 week high of $11.61.

Institutional Trading of Trailblazer Merger Co. I

Several large investors have recently modified their holdings of TBMC. Quarry LP boosted its position in Trailblazer Merger Co. I by 51.1% in the third quarter. Quarry LP now owns 8,011 shares of the company's stock worth $88,000 after purchasing an additional 2,710 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Trailblazer Merger Co. I by 32,752.0% in the fourth quarter. Wolverine Asset Management LLC now owns 131,408 shares of the company's stock worth $1,463,000 after buying 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 valued at approximately $2,426,000. Boothbay Fund Management LLC bought a new stake in Trailblazer Merger Co. I during the fourth quarter valued at approximately $2,482,000. Finally, Toronto Dominion Bank purchased a new stake in Trailblazer Merger Co. I during the fourth quarter valued at approximately $2,671,000. Institutional investors own 77.13% of the company's stock.

Remove Ads

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.