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

SilverBox Corp IV (NYSE:SBXD) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 86 shares, a drop of 93.7% from the December 15th total of 1,372 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 4,758 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 4,758 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On SilverBox Corp IV

Institutional investors have recently modified their holdings of the business. Rangeley Capital LLC bought a new stake in SilverBox Corp IV during the 2nd quarter worth approximately $110,000. Tuttle Capital Management LLC bought a new stake in shares of SilverBox Corp IV in the second quarter worth $219,000. Citadel Advisors LLC bought a new stake in shares of SilverBox Corp IV in the third quarter worth $489,000. JPMorgan Chase & Co. acquired a new stake in SilverBox Corp IV in the second quarter valued at $603,000. Finally, Massar Capital Management LP bought a new position in SilverBox Corp IV during the 2nd quarter worth $767,000.

SilverBox Corp IV Stock Performance

Shares of SBXD stock traded up $0.03 during trading on Wednesday, hitting $10.62. The company had a trading volume of 12,950 shares, compared to its average volume of 7,719. The stock’s 50-day moving average price is $10.56 and its 200 day moving average price is $10.57. SilverBox Corp IV has a one year low of $10.09 and a one year high of $11.64. The firm has a market capitalization of $270.15 million, a P/E ratio of 62.44 and a beta of 0.11.

SilverBox Corp IV (NYSE:SBXD) last released its earnings results on Wednesday, November 12th. The company reported $0.03 EPS for the quarter. The firm had revenue of $2.31 million during the quarter.

Analyst Ratings Changes

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