Trailblazer Merger Co. I (NASDAQ:TBMC – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 6,900 shares, an increase of 1,050.0% from the July 15th total of 600 shares. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.
Trailblazer Merger Co. I Trading Down 0.5 %
TBMC stock traded down $0.05 during trading on Tuesday, hitting $10.83. 4,361 shares of the stock traded hands, compared to its average volume of 21,673. Trailblazer Merger Co. I has a one year low of $10.26 and a one year high of $11.60. The company has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $10.70.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Clear Street LLC grew its position in Trailblazer Merger Co. I by 78,742.9% during the 2nd quarter. Clear Street LLC now owns 5,519 shares of the company’s stock worth $60,000 after acquiring an additional 5,512 shares during the last quarter. Condor Capital Management bought a new stake in shares of Trailblazer Merger Co. I during the fourth quarter worth $119,000. Mizuho Securities USA LLC acquired a new stake in shares of Trailblazer Merger Co. I in the first quarter valued at $336,000. Robinson Capital Management LLC raised its holdings in shares of 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 buying an additional 5,470 shares during the last quarter. Finally, Warberg Asset Management LLC lifted its position in 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 worth $473,000 after buying an additional 9,502 shares in the last quarter. 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.
Further Reading
- Five stocks we like better than Trailblazer Merger Co. I
- Investing in Construction Stocks
- Buy On Holdings Stock Before the Market Catches Its Second Wind?
- Retail Stocks Investing, Explained
- 3 High-Potential Stocks That Could Turn Into Multi-Baggers
- How to Use the MarketBeat Excel Dividend Calculator
- CEO Swap: Starbucks Surges 22% on Hiring New CEO From Chipotle
Receive News & Ratings for Trailblazer Merger Co. I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trailblazer Merger Co. I and related companies with MarketBeat.com's FREE daily email newsletter.