Short Interest in SilverBox Corp IV (NYSE:SBXD) Rises By 100.7%

SilverBox Corp IV (NYSE:SBXD) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 291 shares, an increase of 100.7% from the April 30th total of 145 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,384 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On SilverBox Corp IV

Several institutional investors have recently modified their holdings of the business. Berkley W R Corp grew 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 in the last quarter. Creek Drive Management Group LLC acquired a new position in shares of SilverBox Corp IV in the fourth quarter worth $1,481,000. Lineage Point Capital LP acquired a new position in shares of SilverBox Corp IV in the fourth quarter worth $529,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of SilverBox Corp IV in the fourth quarter worth $205,000. Finally, Radcliffe Capital Management L.P. grew its stake 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 acquiring an additional 50,042 shares in the last quarter.

SilverBox Corp IV Price Performance

NYSE SBXD remained flat at $10.80 on Monday. The company’s stock had a trading volume of 483 shares, compared to its average volume of 31,627. The company has a market capitalization of $274.86 million, a price-to-earnings ratio of 54.00 and a beta of 0.06. SilverBox Corp IV has a 52 week low of $10.35 and a 52 week high of $11.64. The company’s 50-day moving average price is $10.74 and its two-hundred day moving average price is $10.65.

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

Analyst Upgrades and Downgrades

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