Trailblazer Merger Co. I (NASDAQ:TBMC) Sees Significant Growth in Short Interest

Trailblazer Merger Co. I (NASDAQ:TBMC - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 6,400 shares, an increase of 93.9% from the April 30th total of 3,300 shares. Approximately 0.4% of the company's shares are sold short. Based on an average trading volume of 25,100 shares, the days-to-cover ratio is presently 0.3 days.

Trailblazer Merger Co. I Trading Up 0.2%

NASDAQ:TBMC traded up $0.02 during midday trading on Wednesday, reaching $11.76. The company had a trading volume of 19,476 shares, compared to its average volume of 24,622. The stock's fifty day simple moving average is $11.61 and its 200-day simple moving average is $11.32. Trailblazer Merger Co. I has a 12-month low of $10.78 and a 12-month high of $12.89.

Hedge Funds Weigh In On Trailblazer Merger Co. I

Several hedge funds have recently added to or reduced their stakes in TBMC. Mizuho Securities USA LLC boosted its stake in shares of Trailblazer Merger Co. 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. Wolverine Asset Management LLC increased its position in Trailblazer Merger Co. I by 32,752.0% during the fourth quarter. Wolverine Asset Management LLC now owns 131,408 shares of the company's stock worth $1,463,000 after buying an additional 131,008 shares in the last quarter. Harraden Circle Investments LLC purchased a new position in Trailblazer Merger Co. I in the 4th quarter valued at about $2,426,000. Boothbay Fund Management LLC acquired a new stake in Trailblazer Merger Co. I during the fourth quarter worth approximately $2,482,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Trailblazer Merger Co. I in the fourth quarter valued at $2,671,000. 77.13% of the stock is currently owned by hedge funds and other institutional investors.

About Trailblazer Merger Co. 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.