Short Interest in Trailblazer Merger Corporation I (NASDAQ:TBMC) Expands By 693.8%

Trailblazer Merger Corporation I (NASDAQ:TBMC) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 12,700 shares, a growth of 693.8% from the August 31st total of 1,600 shares. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Shay Capital LLC acquired a new position in Trailblazer Merger Corporation I in the 2nd quarter valued at about $557,000. Mizuho Securities USA LLC raised 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 last quarter. Clear Street LLC raised its stake in 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 last quarter. Finally, Wolverine Asset Management LLC raised its stake in 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 last quarter. Institutional investors and hedge funds own 77.13% of the company’s stock.

Trailblazer Merger Corporation I Trading Up 0.6%

Trailblazer Merger Corporation I stock opened at $11.75 on Friday. Trailblazer Merger Corporation I has a 52 week low of $11.02 and a 52 week high of $12.89. The firm’s 50-day simple moving average is $11.63 and its 200 day simple moving average is $11.61.

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.