Short Interest in SilverBox Corp IV (NYSE:SBXD) Decreases By 85.2%

SilverBox Corp IV (NYSE:SBXD) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 297 shares, a drop of 85.2% from the March 15th total of 2,011 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 7,686 shares, the short-interest ratio is currently 0.0 days.

SilverBox Corp IV Stock Down 0.4%

NYSE SBXD traded down $0.04 during trading hours on Friday, reaching $10.71. The company’s stock had a trading volume of 304,486 shares, compared to its average volume of 32,814. The firm’s 50-day moving average price is $10.67 and its 200-day moving average price is $10.59. SilverBox Corp IV has a 1 year low of $10.20 and a 1 year high of $11.64. The company has a market capitalization of $272.54 million, a price-to-earnings ratio of 46.56 and a beta of 0.09.

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

Hedge Funds Weigh In On SilverBox Corp IV

Institutional investors have recently bought and sold shares of the stock. Creek Drive Management Group LLC purchased a new stake in SilverBox Corp IV in the 4th quarter worth $1,481,000. Lineage Point Capital LP bought a new position in shares of SilverBox Corp IV during the 4th quarter valued at about $529,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of SilverBox Corp IV during the fourth quarter valued at about $205,000. Radcliffe Capital Management L.P. increased its holdings 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 worth $2,406,000 after purchasing an additional 50,042 shares during the last quarter. Finally, Berkley W R Corp increased its holdings in shares of SilverBox Corp IV by 607.8% in 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 last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SilverBox Corp IV in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.