Trailblazer Merger Co. I (NASDAQ:TBMC) Short Interest Update

Trailblazer Merger Co. I (NASDAQ:TBMC) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 1,100 shares, a growth of 37.5% from the November 30th total of 800 shares. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Insider Activity

In related news, major shareholder Aqr Capital Management Holding sold 50,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $11.02, for a total transaction of $551,000.00. Following the transaction, the insider now directly owns 580 shares in the company, valued at approximately $6,391.60. The trade was a 98.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 23.50% of the company’s stock.

Institutional Trading of Trailblazer Merger Co. I

A number of hedge funds have recently bought and sold shares of TBMC. Quarry LP increased its position in shares of Trailblazer Merger Co. I by 51.1% during the 3rd quarter. Quarry LP now owns 8,011 shares of the company’s stock valued at $88,000 after purchasing an additional 2,710 shares during the last quarter. Clear Street LLC grew its position in Trailblazer Merger Co. I by 78,742.9% during the second quarter. Clear Street LLC now owns 5,519 shares of the company’s stock valued at $60,000 after buying an additional 5,512 shares during the period. Warberg Asset Management LLC increased its holdings in Trailblazer Merger Co. I by 27.8% during the second quarter. Warberg Asset Management LLC now owns 43,736 shares of the company’s stock worth $473,000 after buying an additional 9,502 shares during the last quarter. Cowen AND Company LLC raised its position in Trailblazer Merger Co. I by 27.4% in the second quarter. Cowen AND Company LLC now owns 471,724 shares of the company’s stock worth $5,097,000 after acquiring an additional 101,443 shares during the period. Finally, Berkley W R Corp boosted its stake in Trailblazer Merger Co. I by 416.0% in the second quarter. Berkley W R Corp now owns 825,785 shares of the company’s stock valued at $8,910,000 after acquiring an additional 665,743 shares during the last quarter. 77.13% of the stock is currently owned by institutional investors.

Trailblazer Merger Co. I Price Performance

Shares of Trailblazer Merger Co. I stock traded up $0.02 during mid-day trading on Friday, hitting $11.13. 962 shares of the stock were exchanged, compared to its average volume of 21,199. Trailblazer Merger Co. I has a 12 month low of $10.44 and a 12 month high of $11.60. The company has a 50-day simple moving average of $11.10 and a 200 day simple moving average of $10.96.

About Trailblazer Merger Co. I

Trailblazer Merger Corporation I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.