Short Interest in Trailblazer Merger Corporation I (NASDAQ:TBMC) Expands By 693.8%

Key Points

• Short interest in Trailblazer Merger Corporation I (TBMC) surged by 693.8% in September, with total short interest reaching 12,700 shares.
• The stock's current price is $11.70, down 0.4%, with a 12-month high of $12.89 and a low of $11.02.
• Institutional investors hold 77.13% of TBMC's stock, with significant purchases made by Shay Capital LLC and Clear Street LLC recently.

Trailblazer Merger Corporation I (NASDAQ:TBMC - ) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 12,700 shares, an increase of 693.8% from the August 31st total of 1,600 shares. Based on an average trading volume of 9,500 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 9,500 shares, the short-interest ratio is presently 1.3 days.

Trailblazer Merger Corporation I Stock Down 0.4%

NASDAQ:TBMC opened at $11.70 on Wednesday. The business's 50-day moving average price is $11.63 and its two-hundred day moving average price is $11.61. Trailblazer Merger Corporation I has a twelve month low of $11.02 and a twelve month high of $12.89.

Hedge Funds Weigh In On Trailblazer Merger Corporation I

Institutional investors have recently modified their holdings of the company. Shay Capital LLC bought a new position in shares of Trailblazer Merger Corporation I during the 2nd quarter valued at about $557,000. Mizuho Securities USA LLC increased 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 purchasing an additional 1,201 shares during the last quarter. Clear Street LLC increased its position in shares of Trailblazer Merger Corporation I by 503.7% during 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 during the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of Trailblazer Merger Corporation I by 11.3% during 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 during the last quarter. 77.13% of the stock is currently owned by institutional investors.

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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