SilverBox Corp IV (NYSE:SBXD) Short Interest Up 591.2% in February

SilverBox Corp IV (NYSE:SBXD) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,016 shares, an increase of 591.2% from the January 29th total of 147 shares. Based on an average daily trading volume, of 23,231 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 23,231 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On SilverBox Corp IV

Several large investors have recently modified their holdings of the business. Rangeley Capital LLC acquired a new position in SilverBox Corp IV during the 2nd quarter valued at approximately $110,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of SilverBox Corp IV during the fourth quarter worth $205,000. Citadel Advisors LLC acquired a new stake in shares of SilverBox Corp IV during the third quarter worth $489,000. Lineage Point Capital LP purchased a new stake in shares of SilverBox Corp IV during the fourth quarter valued at $529,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of SilverBox Corp IV in the 2nd quarter valued at $603,000.

SilverBox Corp IV Price Performance

Shares of NYSE:SBXD traded up $0.04 during trading on Friday, reaching $10.68. 1,183 shares of the company were exchanged, compared to its average volume of 39,646. The business’s fifty day simple moving average is $10.62 and its 200-day simple moving average is $10.55. SilverBox Corp IV has a 12-month low of $10.14 and a 12-month high of $11.64. The firm has a market capitalization of $271.73 million, a PE ratio of 62.79 and a beta of 0.11.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SilverBox Corp IV in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.