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

Key Points

• Short interest in Trailblazer Merger Corporation I (NASDAQ:TBMC) dropped by 81.8% in August, with total short interest falling to 1,600 shares.
• Institutional investors hold 77.13% of TBMC's stock, with significant acquisitions from firms like Toronto Dominion Bank and Clear Street LLC.
• As of recent trading, TBMC shares were priced at $11.63, with a 52-week range between $10.87 and $12.89.

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

Institutional Trading of Trailblazer Merger Corporation I

Several large investors have recently modified their holdings of the stock. Toronto Dominion Bank acquired a new stake in shares of Trailblazer Merger Corporation I during the 4th quarter worth $2,671,000. Wolverine Asset Management LLC boosted 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 buying an additional 14,851 shares in the last quarter. Clear Street LLC boosted its stake in Trailblazer Merger Corporation I by 503.7% in the second quarter. Clear Street LLC now owns 137,144 shares of the company's stock valued at $1,606,000 after buying an additional 114,426 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in Trailblazer Merger Corporation I by 1.5% in the first 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. Finally, Shay Capital LLC acquired a new stake in Trailblazer Merger Corporation I in the second quarter valued at about $557,000. 77.13% of the stock is owned by institutional investors and hedge funds.

Trailblazer Merger Corporation I Stock Performance

Shares of TBMC traded down $0.03 during trading hours on Thursday, hitting $11.63. 14,829 shares of the company were exchanged, compared to its average volume of 13,132. Trailblazer Merger Corporation I has a fifty-two week low of $10.87 and a fifty-two week high of $12.89. The firm's fifty day moving average is $11.61 and its 200 day moving average is $11.57.

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.

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