SilverBox Corp IV (NYSE:SBXD) Short Interest Up 87.8% in March

SilverBox Corp IV (NYSE:SBXD) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 2,011 shares, an increase of 87.8% from the February 26th total of 1,071 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,242 shares, the days-to-cover ratio is currently 1.6 days.

SilverBox Corp IV Price Performance

Shares of SBXD traded down $0.01 on Friday, reaching $10.70. The company’s stock had a trading volume of 7,412 shares, compared to its average volume of 4,784. The stock’s 50 day simple moving average is $10.65 and its two-hundred day simple moving average is $10.58. The stock has a market capitalization of $272.32 million, a P/E ratio of 46.52 and a beta of 0.10. SilverBox Corp IV has a 12-month low of $10.16 and a 12-month high of $11.64.

SilverBox Corp IV (NYSE:SBXD) last released its earnings results on Thursday, March 19th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $2.14 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SilverBox Corp IV in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, SilverBox Corp IV presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On SilverBox Corp IV

A number of institutional investors and hedge funds have recently bought and sold shares of SBXD. Rangeley Capital LLC purchased a new position in shares of SilverBox Corp IV in the second quarter valued at about $110,000. Schonfeld Strategic Advisors LLC bought a new stake in SilverBox Corp IV during the 4th quarter valued at approximately $205,000. HRT Financial LP lifted its holdings in SilverBox Corp IV by 19.0% in the 4th quarter. HRT Financial LP now owns 139,195 shares of the company’s stock worth $1,472,000 after purchasing an additional 22,196 shares in the last quarter. Radcliffe Capital Management L.P. boosted its stake in SilverBox Corp IV by 14.4% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 177,412 shares of the company’s stock worth $1,858,000 after purchasing an additional 22,375 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in SilverBox Corp IV during the 3rd quarter valued at approximately $489,000.

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.