Short Interest in Trailblazer Merger Corporation I (NASDAQ:TBMC) Decreases 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 - Get Free Report) was the recipient of 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. Based on an average daily volume of 11,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company's stock are short sold. Approximately 0.1% of the company's stock are short sold. Based on an average daily volume of 11,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Trailblazer Merger Corporation I

Several large investors have recently added to or reduced their stakes in TBMC. Shay Capital LLC acquired a new stake in Trailblazer Merger Corporation I in the 2nd quarter valued at $557,000. Mizuho Securities USA LLC increased its holdings in 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 purchasing 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 valued at $1,606,000 after purchasing an additional 114,426 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in 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 purchasing an additional 14,851 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new stake in Trailblazer Merger Corporation I in the 4th quarter valued at $2,671,000. 77.13% of the stock is currently owned by institutional investors and hedge funds.

Trailblazer Merger Corporation I Stock Down 0.3%

NASDAQ TBMC traded down $0.04 during trading hours on Tuesday, hitting $11.61. The company had a trading volume of 1,890 shares, compared to its average volume of 12,652. 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 50 day moving average is $11.61 and its 200 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.