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

SilverBox Corp IV (NYSE:SBXD) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 147 shares, an increase of 59.8% from the January 15th total of 92 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 114,284 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 114,284 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

SilverBox Corp IV Trading Down 0.1%

NYSE SBXD traded down $0.01 during midday trading on Friday, hitting $10.63. The company had a trading volume of 3,593 shares, compared to its average volume of 67,972. The company has a market capitalization of $270.64 million, a PE ratio of 62.55 and a beta of 0.11. SilverBox Corp IV has a twelve month low of $10.14 and a twelve month high of $11.64. The firm has a 50-day moving average price of $10.60 and a 200-day moving average price of $10.54.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Berkley W R Corp raised its position in shares of SilverBox Corp IV by 607.8% during the fourth quarter. Berkley W R Corp now owns 1,211,674 shares of the company’s stock worth $12,820,000 after purchasing an additional 1,040,483 shares during the period. Crossingbridge Advisors LLC acquired a new stake in shares of SilverBox Corp IV in the 4th quarter worth about $6,741,000. Wolverine Asset Management LLC boosted its stake in SilverBox Corp IV by 1,163.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 672,612 shares of the company’s stock valued at $7,042,000 after purchasing an additional 619,358 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of SilverBox Corp IV by 200.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 600,000 shares of the company’s stock worth $6,361,000 after purchasing an additional 400,000 shares during the last quarter. Finally, Mangrove Partners IM LLC purchased a new stake in shares of SilverBox Corp IV in the third quarter valued at about $1,640,000.

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.