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 decrease in short interest during the month of November. As of November 30th, there was short interest totalling 800 shares, a decrease of 42.9% from the November 15th total of 1,400 shares. Based on an average daily volume of 16,600 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Trailblazer Merger Co. I Stock Performance

NASDAQ TBMC remained flat at $11.11 on Friday. The company had a trading volume of 5 shares, compared to its average volume of 1,768. The business has a 50-day simple moving average of $11.09 and a 200 day simple moving average of $10.94. Trailblazer Merger Co. I has a 12 month low of $10.42 and a 12 month high of $11.60.

Insider Activity

In other news, major shareholder Aqr Capital Management Holding sold 50,000 shares of the business’s stock in a transaction 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Cowen AND Company LLC increased its holdings 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 worth $5,097,000 after acquiring an additional 101,443 shares in the last quarter. Clear Street LLC boosted its position 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 period. Quarry LP purchased a new stake in shares of Trailblazer Merger Co. I in the second quarter worth $57,000. Berkley W R Corp increased its stake in shares of Trailblazer Merger Co. I by 416.0% in the second quarter. Berkley W R Corp now owns 825,785 shares of the company’s stock worth $8,910,000 after purchasing an additional 665,743 shares in the last quarter. Finally, Warberg Asset Management LLC raised its position in shares of Trailblazer Merger Co. I by 27.8% during the 2nd 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 period. 77.13% of the stock is owned by hedge funds and other institutional investors.

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.