SilverBox Corp IV (NYSE:SBXD) Short Interest Down 42.1% in June

SilverBox Corp IV (NYSE:SBXD) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 226 shares, a decrease of 42.1% from the May 31st total of 390 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 13,105 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of SilverBox Corp IV

Several institutional investors and hedge funds have recently bought and sold shares of the business. Berkley W R Corp boosted its position in 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 raised its holdings in shares of SilverBox Corp IV by 44.5% in the 4th quarter. Wolverine Asset Management LLC now owns 972,109 shares of the company’s stock worth $10,285,000 after acquiring an additional 299,497 shares during the last quarter. Mangrove Partners IM LLC bought a new position in SilverBox Corp IV in the 3rd quarter valued at about $1,640,000. Finally, Radcliffe Capital Management L.P. bought a new position in SilverBox Corp IV in the 2nd quarter valued at about $1,699,000.

SilverBox Corp IV Stock Performance

NYSE:SBXD remained flat at $10.82 on Friday. 15,444 shares of the company’s stock were exchanged, compared to its average volume of 31,308. SilverBox Corp IV has a one year low of $10.35 and a one year high of $11.10. The stock’s 50-day moving average price is $10.79 and its 200-day moving average price is $10.70. The company has a market cap of $275.37 million, a PE ratio of 54.10 and a beta of 0.06.

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

Analysts Set New Price Targets

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