Trailblazer Merger Co. I (NASDAQ:TBMC) Short Interest Up 93.9% in May

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

Institutional Trading of Trailblazer Merger Co. I

Several hedge funds have recently modified their holdings of TBMC. Wolverine Asset Management LLC raised its holdings 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 purchasing an additional 131,008 shares during the last quarter. Harraden Circle Investments LLC acquired a new position in shares of Trailblazer Merger Co. I in the fourth quarter worth $2,426,000. Boothbay Fund Management LLC acquired a new position in shares of Trailblazer Merger Co. I in the fourth quarter worth $2,482,000. Toronto Dominion Bank acquired a new position in shares of Trailblazer Merger Co. I in the fourth quarter worth $2,671,000. Finally, Mizuho Securities USA LLC raised its holdings in shares of Trailblazer Merger Co. I by 1.5% in the first quarter. Mizuho Securities USA LLC now owns 83,366 shares of the company's stock worth $934,000 after acquiring an additional 1,201 shares during the last quarter. 77.13% of the stock is owned by institutional investors and hedge funds.

Trailblazer Merger Co. I Trading Down 0.1%

NASDAQ:TBMC traded down $0.01 during mid-day trading on Tuesday, reaching $11.80. 43,874 shares of the stock were exchanged, compared to its average volume of 24,367. The company has a 50 day simple moving average of $11.60 and a 200-day simple moving average of $11.32. Trailblazer Merger Co. I has a 1 year low of $10.78 and a 1 year high of $12.89.

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.