Short Interest in Trailblazer Merger Corporation I (NASDAQ:TBMC) Declines By 81.8%

Trailblazer Merger Corporation I (NASDAQ:TBMC) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,600 shares, a decline of 81.8% from the August 15th total of 8,800 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 11,200 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 11,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Trailblazer Merger Corporation I

Several large investors have recently bought and sold shares of TBMC. Toronto Dominion Bank purchased a new stake in Trailblazer Merger Corporation I during the 4th quarter worth approximately $2,671,000. Clear Street LLC boosted its holdings in shares of Trailblazer Merger Corporation I by 503.7% in the 2nd quarter. Clear Street LLC now owns 137,144 shares of the company’s stock valued at $1,606,000 after acquiring an additional 114,426 shares during the last quarter. Shay Capital LLC purchased a new stake in shares of Trailblazer Merger Corporation I in the 2nd quarter valued at $557,000. Wolverine Asset Management LLC boosted its holdings in shares of Trailblazer Merger Corporation I by 11.3% in the 1st quarter. Wolverine Asset Management LLC now owns 146,259 shares of the company’s stock valued at $1,647,000 after acquiring an additional 14,851 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Trailblazer Merger Corporation I by 1.5% in the 1st quarter. Mizuho Securities USA LLC now owns 83,366 shares of the company’s stock valued at $934,000 after acquiring an additional 1,201 shares during the last quarter. Hedge funds and other institutional investors own 77.13% of the company’s stock.

Trailblazer Merger Corporation I Price Performance

NASDAQ:TBMC opened at $11.62 on Friday. Trailblazer Merger Corporation I has a twelve month low of $10.87 and a twelve month high of $12.89. The company’s 50 day moving average is $11.61 and its two-hundred day moving average is $11.58.

Trailblazer Merger Corporation I Company Profile

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.