Trailblazer Merger Corporation I (NASDAQ:TBMC) Short Interest Up 48.8% in July

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 large growth in short interest in the month of July. As of July 15th, there was short interest totaling 12,200 shares, agrowthof48.8% from the June 30th total of 8,200 shares. Currently,0.7% of the company's shares are short sold. Based on an average daily volume of 34,000 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 34,000 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.7% of the company's shares are short sold.

Trailblazer Merger Corporation I Price Performance

Shares of Trailblazer Merger Corporation I stock traded down $0.02 on Thursday, reaching $11.57. 502 shares of the company's stock were exchanged, compared to its average volume of 6,998. Trailblazer Merger Corporation I has a 52 week low of $10.83 and a 52 week high of $12.89. The firm's 50-day moving average is $11.66 and its two-hundred day moving average is $11.49.

Institutional Trading of Trailblazer Merger Corporation I

Institutional investors have recently made changes to their positions in the company. Mizuho Securities USA LLC grew its stake in 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 raised its position in Trailblazer Merger Corporation I by 11.3% in the first quarter. Wolverine Asset Management LLC now owns 146,259 shares of the company's stock worth $1,647,000 after acquiring an additional 14,851 shares during the period. Toronto Dominion Bank purchased a new position in Trailblazer Merger Corporation I in the fourth quarter valued at about $2,671,000. Boothbay Fund Management LLC bought a new position in shares of Trailblazer Merger Corporation I during the 4th quarter valued at approximately $2,482,000. Finally, Harraden Circle Investments LLC purchased a new stake in shares of Trailblazer Merger Corporation I during the 4th quarter worth approximately $2,426,000. Institutional investors own 77.13% of the company's stock.

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.