Short Interest in Trailblazer Merger Corporation I (NASDAQ:TBMC) Drops By 39.3%

Key Points

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Trailblazer Merger Corporation I (NASDAQ:TBMC - ) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 7,400 shares, adropof39.3% from the July 15th total of 12,200 shares. Currently,0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 28,400 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 28,400 shares, the short-interest ratio is currently 0.3 days. Currently,0.4% of the shares of the company are sold short.

Trailblazer Merger Corporation I Price Performance

Shares of TBMC stock opened at $11.61 on Tuesday. The business has a 50-day simple moving average of $11.63 and a 200-day simple moving average of $11.52. Trailblazer Merger Corporation I has a 52-week low of $10.83 and a 52-week high of $12.89.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Shay Capital LLC acquired a new position in Trailblazer Merger Corporation I in the 2nd quarter worth about $557,000. Mizuho Securities USA LLC lifted its position in shares of Trailblazer Merger Corporation I by 1.5% during the 1st quarter. Mizuho Securities USA LLC now owns 83,366 shares of the company's stock valued at $934,000 after buying an additional 1,201 shares in the last quarter. Clear Street LLC increased its holdings in Trailblazer Merger Corporation I by 503.7% in the 2nd quarter. Clear Street LLC now owns 137,144 shares of the company's stock worth $1,606,000 after acquiring an additional 114,426 shares in the last quarter. Wolverine Asset Management LLC raised its position in Trailblazer Merger Corporation I by 11.3% during the first quarter. Wolverine Asset Management LLC now owns 146,259 shares of the company's stock worth $1,647,000 after acquiring an additional 14,851 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in Trailblazer Merger Corporation I during the fourth quarter worth $2,482,000. Institutional investors and hedge funds own 77.13% of the company's stock.

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.

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