Trailblazer Merger Co. I (NASDAQ:TBMC) Sees Large Decrease in Short Interest

Trailblazer Merger Co. I (NASDAQ:TBMC) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 500 shares, a decrease of 44.4% from the March 31st total of 900 shares. Based on an average daily volume of 18,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Trailblazer Merger Co. I

A number of hedge funds have recently modified their holdings of the stock. Robinson Capital Management LLC grew its position in Trailblazer Merger Co. I by 16.5% in the fourth quarter. Robinson Capital Management LLC now owns 38,658 shares of the company’s stock valued at $404,000 after acquiring an additional 5,470 shares during the period. Condor Capital Management acquired a new stake in shares of Trailblazer Merger Co. I in the 4th quarter valued at $119,000. Karpus Management Inc. grew its holdings in shares of Trailblazer Merger Co. I by 18.8% in the 4th quarter. Karpus Management Inc. now owns 132,750 shares of the company’s stock worth $1,389,000 after purchasing an additional 21,000 shares during the last quarter. TrueMark Investments LLC bought a new stake in shares of Trailblazer Merger Co. I in the 4th quarter worth about $230,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Trailblazer Merger Co. I by 13.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 233,696 shares of the company’s stock worth $2,414,000 after purchasing an additional 28,354 shares in the last quarter. 77.13% of the stock is owned by institutional investors and hedge funds.

Trailblazer Merger Co. I Price Performance

Shares of NASDAQ:TBMC traded up $0.01 during midday trading on Friday, reaching $10.75. 25,002 shares of the company’s stock were exchanged, compared to its average volume of 23,345. The company’s 50 day simple moving average is $10.61 and its two-hundred day simple moving average is $10.49. Trailblazer Merger Co. I has a 12 month low of $10.08 and a 12 month high of $10.99.

Trailblazer Merger Co. I Company Profile

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.