Trailblazer Merger Co. I (NASDAQ:TBMC – Get Free Report) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,600 shares, a growth of 33.3% from the January 15th total of 1,200 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is presently 1.1 days. Currently, 0.1% of the company’s stock are sold short.
Hedge Funds Weigh In On Trailblazer Merger Co. I
A number of large investors have recently made changes to their positions in the business. Quarry LP increased its position in shares of 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 purchasing an additional 2,710 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of 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 purchasing an additional 131,008 shares in the last quarter. Harraden Circle Investments LLC acquired a new position in shares of Trailblazer Merger Co. I during the fourth quarter worth $2,426,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Trailblazer Merger Co. I during the fourth quarter worth $2,482,000. 77.13% of the stock is owned by institutional investors and hedge funds.
Trailblazer Merger Co. I Price Performance
Shares of NASDAQ:TBMC opened at $11.16 on Friday. The firm has a 50 day moving average of $11.12 and a 200 day moving average of $11.04. Trailblazer Merger Co. I has a 52 week low of $10.49 and a 52 week high of $11.60.
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.
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