Short Interest in Trailblazer Merger Corporation I (NASDAQ:TBMC) Grows By 48.8%

Key Points

• Short interest in Trailblazer Merger Corporation I saw a substantial increase of 48.8% in July, reaching a total of 12,200 shares, which is approximately 0.7% of the company's shares sold short.
• Institutional investors hold 77.13% of Trailblazer Merger Corporation I's stock, highlighting significant interest from major financial entities.
• The company's shares opened at $11.56 and have a 52-week trading range between $10.83 and $12.89.

Trailblazer Merger Corporation I (NASDAQ:TBMC - Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 12,200 shares, anincreaseof48.8% from the June 30th total of 8,200 shares. Based on an average daily trading volume, of 34,000 shares, the days-to-cover ratio is currently 0.4 days. Currently,0.7% of the shares of the stock are sold short. Currently,0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,000 shares, the days-to-cover ratio is currently 0.4 days.

Trailblazer Merger Corporation I Price Performance

Trailblazer Merger Corporation I stock traded down $0.02 during midday trading on Friday, hitting $11.57. 3,890 shares of the company's stock were exchanged, compared to its average volume of 5,816. Trailblazer Merger Corporation I has a 52-week low of $10.83 and a 52-week high of $12.89. The stock has a 50-day moving average price of $11.65 and a two-hundred day moving average price of $11.50.

Hedge Funds Weigh In On Trailblazer Merger Corporation I

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Harraden Circle Investments LLC purchased a new position in shares of Trailblazer Merger Corporation I in the 4th quarter worth about $2,426,000. Boothbay Fund Management LLC purchased a new position in shares of Trailblazer Merger Corporation I in the 4th quarter worth about $2,482,000. Toronto Dominion Bank purchased a new position in shares of Trailblazer Merger Corporation I in the 4th quarter worth about $2,671,000. Wolverine Asset Management LLC boosted its holdings 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 worth $1,647,000 after purchasing an additional 14,851 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings 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 worth $934,000 after purchasing an additional 1,201 shares in the last quarter. 77.13% of the stock is currently owned by hedge funds and other institutional investors.

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.