SilverBox Corp IV (NYSE:SBXD) Short Interest Update

SilverBox Corp IV (NYSE:SBXD) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 615 shares, a decline of 88.4% from the July 30th total of 5,320 shares. Based on an average daily volume of 125,066 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC boosted its position 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 valued at $10,285,000 after buying an additional 299,497 shares during the last quarter. Creek Drive Management Group LLC purchased a new stake in shares of SilverBox Corp IV during the fourth quarter worth about $1,481,000. Berkley W R Corp increased its position in shares of SilverBox Corp IV by 25.0% during the first quarter. Berkley W R Corp now owns 1,514,573 shares of the company’s stock worth $16,206,000 after acquiring an additional 302,899 shares during the last quarter. Radcliffe Capital Management L.P. lifted its stake in shares of SilverBox Corp IV by 28.2% in the fourth quarter. Radcliffe Capital Management L.P. now owns 227,454 shares of the company’s stock worth $2,406,000 after acquiring an additional 50,042 shares in the last quarter. Finally, Lineage Point Capital LP acquired a new position in shares of SilverBox Corp IV in the fourth quarter worth about $529,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SilverBox Corp IV in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

SilverBox Corp IV Price Performance

NYSE SBXD remained flat at $10.85 during trading hours on Wednesday. The company had a trading volume of 734 shares, compared to its average volume of 73,900. The business’s fifty day moving average is $10.83 and its 200 day moving average is $10.76. SilverBox Corp IV has a 52-week low of $10.41 and a 52-week high of $11.20. The stock has a market cap of $69.66 million, a P/E ratio of 51.67 and a beta of 0.06.

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

About SilverBox Corp IV

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.