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 - Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 7,400 shares, adeclineof39.3% from the July 15th total of 12,200 shares. Based on an average daily volume of 28,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately0.4% of the shares of the stock are short sold. Approximately0.4% of the shares of the stock are short sold. Based on an average daily volume of 28,400 shares, the days-to-cover ratio is presently 0.3 days.

Trailblazer Merger Corporation I Price Performance

Shares of TBMC stock remained flat at $11.61 on Friday. The stock had a trading volume of 13,627 shares, compared to its average volume of 4,434. Trailblazer Merger Corporation I has a 12 month low of $10.83 and a 12 month high of $12.89. The firm's 50 day moving average price is $11.62 and its 200 day moving average price is $11.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank acquired a new position in Trailblazer Merger Corporation I in the fourth quarter valued at about $2,671,000. Boothbay Fund Management LLC acquired a new position in Trailblazer Merger Corporation I in the fourth quarter valued at about $2,482,000. Wolverine Asset Management LLC grew its stake in Trailblazer Merger Corporation I by 11.3% in the first 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 period. Clear Street LLC boosted its position in shares of Trailblazer Merger Corporation I by 503.7% during the second quarter. Clear Street LLC now owns 137,144 shares of the company's stock worth $1,606,000 after buying an additional 114,426 shares during the period. Finally, Mizuho Securities USA LLC boosted its position in shares of Trailblazer Merger Corporation I by 1.5% during the first quarter. Mizuho Securities USA LLC now owns 83,366 shares of the company's stock worth $934,000 after buying an additional 1,201 shares during the period. 77.13% of the stock is owned by institutional investors and hedge funds.

About Trailblazer Merger Corporation 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.