SilverBox Corp IV (NYSE:SBXD) Sees Significant Growth in Short Interest

SilverBox Corp IV (NYSE:SBXD) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 573 shares, an increase of 109.1% from the June 30th total of 274 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 7,112 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Berkley W R Corp lifted its stake 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 purchasing an additional 302,899 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of SilverBox Corp IV by 44.5% in the fourth quarter. Wolverine Asset Management LLC now owns 972,109 shares of the company’s stock worth $10,285,000 after buying an additional 299,497 shares during the period. Crossingbridge Advisors LLC acquired a new stake in shares of SilverBox Corp IV in the fourth quarter valued at about $6,741,000. Radcliffe Capital Management L.P. grew 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 valued at $2,406,000 after buying an additional 50,042 shares in the last quarter. Finally, Meteora Capital LLC purchased a new stake in shares of SilverBox Corp IV during the 3rd quarter valued at about $1,570,000.

SilverBox Corp IV Stock Performance

SBXD remained flat at $10.84 during trading on Tuesday. 530 shares of the company’s stock traded hands, compared to its average volume of 29,723. SilverBox Corp IV has a 12 month low of $10.35 and a 12 month high of $11.10. The stock’s 50-day moving average is $10.81 and its 200 day moving average is $10.73. The stock has a market capitalization of $275.93 million, a price-to-earnings ratio of 54.20 and a beta of 0.06.

SilverBox Corp IV (NYSE:SBXD) last issued its earnings results on Friday, May 15th. The company reported $0.05 EPS for the quarter. The business had revenue of $1.87 million during the quarter.

Analysts Set New Price Targets

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