Trailblazer Merger Co. I (NASDAQ:TBMC) Short Interest Down 42.9% in November

Trailblazer Merger Co. I (NASDAQ:TBMC) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 800 shares, a decline of 42.9% from the November 15th total of 1,400 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 16,600 shares, the days-to-cover ratio is presently 0.0 days.

Trailblazer Merger Co. I Stock Performance

NASDAQ:TBMC remained flat at $11.11 on Friday. 5 shares of the company’s stock were exchanged, compared to its average volume of 1,768. Trailblazer Merger Co. I has a 1-year low of $10.42 and a 1-year high of $11.60. The stock’s 50 day moving average is $11.09 and its two-hundred day moving average is $10.94.

Insider Transactions at Trailblazer Merger Co. I

In other news, major shareholder Aqr Capital Management Holding sold 50,000 shares of Trailblazer Merger Co. I stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $11.02, for a total value of $551,000.00. Following the completion of the transaction, the insider now owns 580 shares of the company’s stock, valued at $6,391.60. The trade was a 98.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Trailblazer Merger Co. I

A number of institutional investors have recently made changes to their positions in TBMC. Cowen AND Company LLC lifted its position in Trailblazer Merger Co. I by 27.4% in the 2nd quarter. Cowen AND Company LLC now owns 471,724 shares of the company’s stock valued at $5,097,000 after acquiring an additional 101,443 shares in the last quarter. Clear Street LLC raised its stake in shares of Trailblazer Merger Co. I by 78,742.9% in the second quarter. Clear Street LLC now owns 5,519 shares of the company’s stock worth $60,000 after purchasing an additional 5,512 shares during the last quarter. Quarry LP bought a new position in shares of Trailblazer Merger Co. I during the second quarter valued at $57,000. Berkley W R Corp boosted its position in shares of Trailblazer Merger Co. I by 416.0% during the second quarter. Berkley W R Corp now owns 825,785 shares of the company’s stock valued at $8,910,000 after buying an additional 665,743 shares during the last quarter. Finally, Warberg Asset Management LLC increased its holdings in Trailblazer Merger Co. I by 27.8% in the 2nd quarter. Warberg Asset Management LLC now owns 43,736 shares of the company’s stock worth $473,000 after buying an additional 9,502 shares in the last quarter. Hedge funds and other institutional investors own 77.13% of the company’s stock.

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.