SilverBox Corp IV (NYSE:SBXD) Short Interest Update

SilverBox Corp IV (NYSE:SBXD) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 5,320 shares, a growth of 828.4% from the July 15th total of 573 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 32,370 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

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

Institutional Trading of SilverBox Corp IV

Hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC boosted its holdings in shares of SilverBox Corp IV by 44.5% during the 4th quarter. Wolverine Asset Management LLC now owns 972,109 shares of the company’s stock valued at $10,285,000 after acquiring an additional 299,497 shares in the last quarter. Creek Drive Management Group LLC acquired a new position in SilverBox Corp IV in the 4th quarter worth about $1,481,000. Berkley W R Corp increased its holdings in SilverBox Corp IV by 25.0% in the 1st quarter. Berkley W R Corp now owns 1,514,573 shares of the company’s stock worth $16,206,000 after purchasing an additional 302,899 shares in the last quarter. Radcliffe Capital Management L.P. raised its position in 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 valued at $2,406,000 after purchasing an additional 50,042 shares during the last quarter. Finally, Lineage Point Capital LP bought a new position in SilverBox Corp IV in the fourth quarter valued at about $529,000.

SilverBox Corp IV Price Performance

NYSE:SBXD remained flat at $10.82 during trading hours on Thursday. The company had a trading volume of 6,713 shares, compared to its average volume of 37,692. SilverBox Corp IV has a fifty-two week low of $10.41 and a fifty-two week high of $11.10. The stock has a fifty day simple moving average of $10.82 and a two-hundred day simple moving average of $10.75. The stock has a market capitalization of $275.37 million, a P/E ratio of 54.10 and a beta of 0.06.

SilverBox Corp IV (NYSE:SBXD) last posted 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 during 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.