SilverBox Corp IV (NYSE:SBXD) Short Interest Down 35.1% in August

SilverBox Corp IV (NYSE:SBXD) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 399 shares, a decline of 35.1% from the August 15th total of 615 shares. Based on an average daily trading volume, of 747 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

SilverBox Corp IV Trading Down 0.0%

SBXD traded down $0.01 during trading on Friday, hitting $10.88. The company’s stock had a trading volume of 1,088 shares, compared to its average volume of 460. SilverBox Corp IV has a twelve month low of $10.41 and a twelve month high of $11.20. The business’s fifty day simple moving average is $10.85 and its 200 day simple moving average is $10.79. The firm has a market capitalization of $69.84 million, a price-to-earnings ratio of 51.79 and a beta of 0.06.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On SilverBox Corp IV

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBXD. Radcliffe Capital Management L.P. increased its stake in SilverBox Corp IV by 28.2% during the 4th quarter. Radcliffe Capital Management L.P. now owns 227,454 shares of the company’s stock worth $2,406,000 after buying an additional 50,042 shares in the last quarter. Lineage Point Capital LP purchased a new position in shares of SilverBox Corp IV in the fourth quarter valued at approximately $529,000. Creek Drive Management Group LLC purchased a new position in shares of SilverBox Corp IV in the fourth quarter valued at approximately $1,481,000. SkyView Investment Advisors LLC acquired a new stake in shares of SilverBox Corp IV in the second quarter worth approximately $1,940,000. Finally, Berkley W R Corp boosted its stake in shares of SilverBox Corp IV by 25.0% in 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.

SilverBox Corp IV Company Profile

SilverBox Corp IV is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the ticker symbol SBXD. The company was formed to identify and complete a business combination with one or more private businesses, which could involve a merger, acquisition, stock purchase, reorganization or similar transaction.

As a SPAC, SilverBox Corp IV does not currently operate a conventional business or offer products and services to customers. Its activities are focused on raising capital, evaluating potential acquisition targets and seeking shareholder approval for a proposed transaction.

Publicly available information about the company’s specific target industries, operating geographies and leadership is limited.