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

SilverBox Corp IV (NYSE:SBXD) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 2,011 shares, a growth of 87.8% from the February 26th total of 1,071 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,242 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in SilverBox Corp IV in the 2nd quarter valued at approximately $603,000. Federated Hermes Inc. acquired a new position in SilverBox Corp IV in the 2nd quarter valued at approximately $1,081,000. Massar Capital Management LP bought a new position in shares of SilverBox Corp IV during the second quarter valued at $767,000. Rangeley Capital LLC bought a new position in shares of SilverBox Corp IV during the second quarter valued at $110,000. Finally, Radcliffe Capital Management L.P. acquired a new position in shares of SilverBox Corp IV during the second quarter worth $1,699,000.

SilverBox Corp IV Price Performance

Shares of SBXD stock traded down $0.01 on Friday, hitting $10.70. 7,412 shares of the company’s stock were exchanged, compared to its average volume of 4,784. SilverBox Corp IV has a 12 month low of $10.16 and a 12 month high of $11.64. The stock has a market cap of $272.32 million, a P/E ratio of 46.52 and a beta of 0.10. The company has a 50 day moving average of $10.65 and a 200 day moving average of $10.58.

SilverBox Corp IV (NYSE:SBXD) last released its earnings results on Thursday, March 19th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $2.14 million during the quarter.

Analyst Upgrades and Downgrades

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

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.