SilverBox Corp IV (NYSE:SBXD) Sees Large Drop in Short Interest

SilverBox Corp IV (NYSE:SBXD) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 399 shares, a decline of 35.1% from the August 15th total of 615 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 747 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SilverBox Corp IV in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SilverBox Corp IV presently has an average rating of “Sell”.

Institutional Trading of SilverBox Corp IV

Hedge funds have recently made changes to their positions in the company. Berkley W R Corp boosted its holdings in shares of SilverBox Corp IV by 25.0% in the first quarter. Berkley W R Corp now owns 1,514,573 shares of the company’s stock valued at $16,206,000 after acquiring an additional 302,899 shares in the last quarter. Radcliffe Capital Management L.P. raised its holdings in SilverBox Corp IV by 28.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 227,454 shares of the company’s stock worth $2,406,000 after purchasing an additional 50,042 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in SilverBox Corp IV in the second quarter valued at about $1,940,000. Creek Drive Management Group LLC acquired a new stake in SilverBox Corp IV in the fourth quarter valued at about $1,481,000. Finally, Lineage Point Capital LP acquired a new stake in SilverBox Corp IV in the fourth quarter valued at about $529,000.

SilverBox Corp IV Price Performance

Shares of NYSE:SBXD traded up $0.01 during trading on Thursday, reaching $10.88. The company had a trading volume of 1,088 shares, compared to its average volume of 34,385. The firm has a market capitalization of $69.82 million, a price-to-earnings ratio of 51.79 and a beta of 0.06. The stock’s fifty day moving average price is $10.84 and its 200 day moving average price is $10.78. SilverBox Corp IV has a fifty-two week low of $10.41 and a fifty-two week high of $11.20.

SilverBox Corp IV (NYSE:SBXD) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $1.92 million for the quarter.

SilverBox Corp IV Company Profile

SilverBox Corp IV is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the ticker symbol SBXD. The company was formed to identify and complete a business combination with one or more private businesses, which could involve a merger, acquisition, stock purchase, reorganization or similar transaction.

As a SPAC, SilverBox Corp IV does not currently operate a conventional business or offer products and services to customers. Its activities are focused on raising capital, evaluating potential acquisition targets and seeking shareholder approval for a proposed transaction.

Publicly available information about the company’s specific target industries, operating geographies and leadership is limited.