SilverBox Corp IV (NYSE:SBXD) Short Interest Up 59.8% in January

SilverBox Corp IV (NYSE:SBXD) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 147 shares, an increase of 59.8% from the January 15th total of 92 shares. Based on an average trading volume of 114,284 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 114,284 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SilverBox Corp IV in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of SilverBox Corp IV

Hedge funds have recently made changes to their positions in the business. Rangeley Capital LLC bought a new stake in SilverBox Corp IV in the 2nd quarter valued at $110,000. Citadel Advisors LLC acquired a new position in shares of SilverBox Corp IV in the third quarter valued at $489,000. JPMorgan Chase & Co. bought a new position in shares of SilverBox Corp IV in the second quarter valued at about $603,000. Massar Capital Management LP acquired a new stake in shares of SilverBox Corp IV during the 2nd quarter worth about $767,000. Finally, Federated Hermes Inc. bought a new stake in shares of SilverBox Corp IV during the 2nd quarter worth about $1,081,000.

SilverBox Corp IV Price Performance

Shares of SBXD stock opened at $10.63 on Monday. The company has a fifty day moving average price of $10.60 and a two-hundred day moving average price of $10.54. SilverBox Corp IV has a one year low of $10.14 and a one year high of $11.64. The stock has a market cap of $270.64 million, a P/E ratio of 62.55 and a beta of 0.11.

SilverBox Corp IV Company Profile

SilverBox Corp IV is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank-check vehicle, the company does not engage in any commercial operations until it completes its business combination.

The company was organized under the laws of the State of Delaware and is sponsored by SilverBox Capital Partners, a private investment firm that focuses on partnering with founder-led companies across technology, healthcare, consumer and business services sectors.