Short Interest in SilverBox Corp IV (NYSE:SBXD) Rises By 100.7%

SilverBox Corp IV (NYSE:SBXD) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 291 shares, an increase of 100.7% from the April 30th total of 145 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,384 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Berkley W R Corp lifted its stake in SilverBox Corp IV by 184.2% in the 3rd quarter. Berkley W R Corp now owns 171,191 shares of the company’s stock worth $1,792,000 after purchasing an additional 110,952 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in SilverBox Corp IV by 44.5% in the 4th quarter. Wolverine Asset Management LLC now owns 972,109 shares of the company’s stock worth $10,285,000 after purchasing an additional 299,497 shares in the last quarter. Mangrove Partners IM LLC purchased a new stake in shares of SilverBox Corp IV during the 3rd quarter valued at approximately $1,640,000. Radcliffe Capital Management L.P. raised its position in shares of SilverBox Corp IV by 14.4% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 177,412 shares of the company’s stock valued at $1,858,000 after buying an additional 22,375 shares during the period. Finally, Creek Drive Management Group LLC purchased a new stake in shares of SilverBox Corp IV during the 4th quarter valued at approximately $1,481,000.

SilverBox Corp IV Price Performance

SBXD stock remained flat at $10.80 during trading on Monday. The company had a trading volume of 483 shares, compared to its average volume of 31,627. SilverBox Corp IV has a 12 month low of $10.35 and a 12 month high of $11.64. The stock has a market cap of $274.86 million, a PE ratio of 54.00 and a beta of 0.06. The business’s fifty day moving average price is $10.74 and its 200-day moving average price is $10.65.

SilverBox Corp IV (NYSE:SBXD) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SilverBox Corp IV in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SilverBox Corp IV presently has a consensus rating of “Sell”.

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.