SilverBox Engaged Merger Corp I (NASDAQ:SBEA) Sees Large Drop in Short Interest

SilverBox Engaged Merger Corp I (NASDAQ:SBEA) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 2,400 shares, a decrease of 69.2% from the August 15th total of 7,800 shares. Based on an average daily volume of 20,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

A number of large investors have recently bought and sold shares of SBEA. Segantii Capital Management Ltd bought a new position in SilverBox Engaged Merger Corp I in the 2nd quarter worth $388,000. CVI Holdings LLC purchased a new stake in SilverBox Engaged Merger Corp I during the 2nd quarter valued at about $2,183,000. Picton Mahoney Asset Management purchased a new stake in SilverBox Engaged Merger Corp I during the 2nd quarter valued at about $1,941,000. Deutsche Bank AG purchased a new stake in SilverBox Engaged Merger Corp I during the 2nd quarter valued at about $4,838,000. Finally, Monashee Investment Management LLC purchased a new stake in SilverBox Engaged Merger Corp I during the 2nd quarter valued at about $970,000.

Shares of SilverBox Engaged Merger Corp I stock opened at $9.75 on Wednesday. The firm has a fifty day simple moving average of $9.69. SilverBox Engaged Merger Corp I has a 52-week low of $9.61 and a 52-week high of $9.95.

SilverBox Engaged Merger Corp I Company Profile

SilverBox Engaged Merger Corp I, a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was founded in 2020 and is based in Austin, Texas.

See Also: Hold Rating

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