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

Trailblazer Merger Co. I (NASDAQ:TBMC) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,100 shares, an increase of 37.5% from the November 30th total of 800 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is presently 0.1 days.

Insiders Place Their Bets

In related news, major shareholder Aqr Capital Management Holding sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $11.02, for a total transaction of $551,000.00. Following the sale, the insider now owns 580 shares of the company’s stock, valued at approximately $6,391.60. This represents a 98.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 23.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trailblazer Merger Co. I

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBMC. Berkley W R Corp raised its holdings in shares of Trailblazer Merger Co. I by 416.0% in the 2nd 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 in the last quarter. Cowen AND Company LLC raised its stake 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 valued at $5,097,000 after purchasing an additional 101,443 shares in the last quarter. Warberg Asset Management LLC lifted its position 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 valued at $473,000 after purchasing an additional 9,502 shares during the last quarter. Quarry LP grew its stake in Trailblazer Merger Co. I by 51.1% in the 3rd quarter. Quarry LP now owns 8,011 shares of the company’s stock worth $88,000 after buying an additional 2,710 shares in the last quarter. Finally, Clear Street LLC grew its stake in Trailblazer Merger Co. I by 78,742.9% in the 2nd quarter. Clear Street LLC now owns 5,519 shares of the company’s stock worth $60,000 after buying an additional 5,512 shares in the last quarter. 77.13% of the stock is currently owned by hedge funds and other institutional investors.

Trailblazer Merger Co. I Stock Up 0.2 %

Shares of TBMC traded up $0.02 during mid-day trading on Friday, reaching $11.13. 962 shares of the stock traded hands, compared to its average volume of 21,199. Trailblazer Merger Co. I has a 1 year low of $10.44 and a 1 year high of $11.60. The firm has a fifty day moving average price of $11.10 and a 200 day moving average price 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.