Short Interest in Trailblazer Merger Co. I (NASDAQ:TBMC) Expands By 37.5%

Trailblazer Merger Co. I (NASDAQ:TBMC - Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,100 shares, a growth of 37.5% from the November 30th total of 800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 7,400 shares, the short-interest ratio is presently 0.1 days.

Insider Activity

In other Trailblazer Merger Co. I news, major shareholder Aqr Capital Management Holding sold 50,000 shares of the firm's stock in a transaction on Thursday, October 10th. The stock was 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 approximately $6,391.60. This trade represents a 98.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.50% of the company's stock.

Hedge Funds Weigh In On Trailblazer Merger Co. I

A number of institutional investors and hedge funds have recently bought and sold shares of TBMC. Cowen AND Company LLC grew its stake in Trailblazer Merger Co. I by 27.4% in the second quarter. Cowen AND Company LLC now owns 471,724 shares of the company's stock worth $5,097,000 after purchasing an additional 101,443 shares in the last quarter. Clear Street LLC increased its holdings in shares of Trailblazer Merger Co. I by 78,742.9% in the 2nd quarter. Clear Street LLC now owns 5,519 shares of the company's stock valued at $60,000 after acquiring an additional 5,512 shares during the last quarter. Quarry LP acquired a new stake in shares of Trailblazer Merger Co. I during the 2nd quarter valued at approximately $57,000. Berkley W R Corp lifted its stake in 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 purchasing an additional 665,743 shares during the last quarter. Finally, Warberg Asset Management LLC boosted its holdings in Trailblazer Merger Co. I by 27.8% in the second quarter. Warberg Asset Management LLC now owns 43,736 shares of the company's stock worth $473,000 after purchasing an additional 9,502 shares during the period. Hedge funds and other institutional investors own 77.13% of the company's stock.

Trailblazer Merger Co. I Stock Performance

Trailblazer Merger Co. I stock traded up $0.02 during trading on Friday, hitting $11.13. The company's stock had a trading volume of 962 shares, compared to its average volume of 21,199. The stock's fifty day moving average is $11.10 and its 200 day moving average is $10.96. Trailblazer Merger Co. I has a 1-year low of $10.44 and a 1-year high of $11.60.

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.