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 growth in short interest in February. As of February 28th, there was short interest totalling 4,100 shares, a growth of 127.8% from the February 13th total of 1,800 shares. Based on an average daily volume of 1,900 shares, the short-interest ratio is currently 2.2 days. Approximately 0.2% of the shares of the stock are short sold.

Trailblazer Merger Co. I Price Performance

TBMC stock opened at $11.25 on Friday. The business has a fifty day moving average price of $11.18 and a 200 day moving average price of $11.09. Trailblazer Merger Co. I has a fifty-two week low of $10.56 and a fifty-two week high of $11.61.

Institutional Investors Weigh In On Trailblazer Merger Co. I

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

About Trailblazer Merger Co. I

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.