Trailblazer Merger Corporation I (NASDAQ:TBMC) Sees Significant Decrease in Short Interest

Key Points

• Trailblazer Merger Corporation I experienced a 49.6% decrease in short interest, dropping from 12,700 shares to 6,400 shares as of September 30th.
• Despite the decrease in short interest, Weiss Ratings maintains a "sell" rating on the stock, with an average rating of "Sell" from analysts.
• Institutional investors own 77.13% of the stock, with notable increases in stakes from firms like Mizuho Securities and Clear Street, which grew their holdings significantly.

Trailblazer Merger Corporation I (NASDAQ:TBMC - Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 6,400 shares, a drop of 49.6% from the September 15th total of 12,700 shares. Based on an average daily trading volume, of 8,100 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company's stock are short sold. Currently, 0.3% of the company's stock are short sold. Based on an average daily trading volume, of 8,100 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Trailblazer Merger Corporation I in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell".

Hedge Funds Weigh In On Trailblazer Merger Corporation I

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBMC. Mizuho Securities USA LLC grew its stake in shares of 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 during the period. Wolverine Asset Management LLC grew its stake in shares of 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 during the period. Shay Capital LLC bought a new stake in shares of Trailblazer Merger Corporation I in the 2nd quarter valued at approximately $557,000. Finally, Clear Street LLC grew its stake in shares of 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 during the period. 77.13% of the stock is currently owned by institutional investors.

Trailblazer Merger Corporation I Stock Performance

Shares of TBMC opened at $11.86 on Monday. Trailblazer Merger Corporation I has a 12-month low of $11.02 and a 12-month high of $12.89. The stock's 50-day moving average price is $11.69 and its 200 day moving average price is $11.66.

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.

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