Trailblazer Merger Co. I (NASDAQ:TBMC) Short Interest Down 51.2% in March

Trailblazer Merger Co. I (NASDAQ:TBMC) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 2,000 shares, a decline of 51.2% from the February 28th total of 4,100 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is currently 1.4 days.

Trailblazer Merger Co. I Price Performance

Shares of Trailblazer Merger Co. I stock opened at $11.34 on Friday. The stock has a 50 day moving average of $11.22 and a 200 day moving average of $11.12. Trailblazer Merger Co. I has a 12 month low of $10.58 and a 12 month high of $11.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Toronto Dominion Bank purchased a new stake in Trailblazer Merger Co. I during the fourth quarter valued at $2,671,000. Boothbay Fund Management LLC purchased a new stake in shares of Trailblazer Merger Co. I during the 4th quarter valued at about $2,482,000. Harraden Circle Investments LLC bought a new position in shares of Trailblazer Merger Co. I in the 4th quarter valued at about $2,426,000. Wolverine Asset Management LLC grew its position in 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 acquiring an additional 131,008 shares in the last quarter. Finally, Quarry LP grew 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 acquiring an additional 2,710 shares in the last quarter. 77.13% of the stock is currently owned by institutional investors.

Trailblazer Merger Co. 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.