Trailblazer Merger Co. I (NASDAQ:TBMC) Short Interest Up 127.8% in February

Trailblazer Merger Co. I (NASDAQ:TBMC) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 4,100 shares, an increase of 127.8% from the February 13th total of 1,800 shares. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.2% of the company’s stock are sold short.

Trailblazer Merger Co. I Price Performance

Shares of NASDAQ TBMC remained flat at $11.25 during midday trading on Friday. The stock’s 50-day simple moving average is $11.18 and its two-hundred day simple moving average is $11.09. Trailblazer Merger Co. I has a 12 month low of $10.56 and a 12 month high of $11.61.

Institutional Investors Weigh In On Trailblazer Merger Co. I

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBMC. Toronto Dominion Bank acquired a new stake in shares of Trailblazer Merger Co. I in the fourth quarter valued at about $2,671,000. Boothbay Fund Management LLC acquired a new position in shares of Trailblazer Merger Co. I during the 4th quarter worth approximately $2,482,000. Harraden Circle Investments LLC bought a new stake in shares of Trailblazer Merger Co. I during the 4th quarter worth approximately $2,426,000. Wolverine Asset Management LLC boosted its holdings in shares of Trailblazer Merger Co. I by 32,752.0% in the 4th quarter. Wolverine Asset Management LLC now owns 131,408 shares of the company’s stock valued at $1,463,000 after buying an additional 131,008 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Trailblazer Merger Co. I by 51.1% in the third quarter. Quarry LP now owns 8,011 shares of the company’s stock valued at $88,000 after buying an additional 2,710 shares in the last quarter. 77.13% of the stock is owned by institutional investors.

Trailblazer Merger Co. 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.