Trailblazer Merger Co. I (NASDAQ:TBMC) Short Interest Down 44.4% in April

Trailblazer Merger Co. I (NASDAQ:TBMC) saw a large decrease in short interest during the month of 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 trading volume of 18,500 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Trailblazer Merger Co. I Price Performance

NASDAQ TBMC traded up $0.01 on Friday, reaching $10.75. The company’s stock had a trading volume of 25,002 shares, compared to its average volume of 16,880. Trailblazer Merger Co. I has a twelve month low of $10.08 and a twelve month high of $10.99. The firm’s 50 day moving average is $10.61 and its two-hundred day moving average is $10.49.

Institutional Investors Weigh In On Trailblazer Merger Co. I

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bulldog Investors LLP lifted its holdings in Trailblazer Merger Co. I by 93.6% in the 4th quarter. Bulldog Investors LLP now owns 462,755 shares of the company’s stock valued at $4,817,000 after acquiring an additional 223,704 shares during the last quarter. Karpus Management Inc. raised its holdings in Trailblazer Merger Co. I by 18.8% during the 4th quarter. Karpus Management Inc. now owns 132,750 shares of the company’s stock worth $1,389,000 after buying an additional 21,000 shares during the period. Condor Capital Management acquired a new stake in Trailblazer Merger Co. I during the 4th quarter worth about $119,000. Kim LLC raised its holdings in Trailblazer Merger Co. I by 18.2% during the 4th quarter. Kim LLC now owns 325,000 shares of the company’s stock worth $3,400,000 after buying an additional 50,000 shares during the period. Finally, Cowen AND Company LLC raised its holdings in Trailblazer Merger Co. I by 108.8% during the 4th quarter. Cowen AND Company LLC now owns 394,234 shares of the company’s stock worth $4,124,000 after buying an additional 205,380 shares during the period. 77.13% of the stock is owned by institutional investors and hedge funds.

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.