SilverBox Corp IV (NYSE:SBXD) Sees Large Decline in Short Interest

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SilverBox Corp IV in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

SilverBox Corp IV Stock Performance

SilverBox Corp IV stock traded up $0.01 during midday trading on Wednesday, hitting $10.82. 16,092 shares of the company’s stock were exchanged, compared to its average volume of 31,326. The company has a market cap of $275.39 million, a P/E ratio of 54.10 and a beta of 0.06. The stock has a 50-day moving average price of $10.79 and a two-hundred day moving average price of $10.69. SilverBox Corp IV has a 52-week low of $10.35 and a 52-week high of $11.19.

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

Hedge Funds Weigh In On SilverBox Corp IV

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Berkley W R Corp increased its holdings in shares of SilverBox Corp IV by 25.0% in the 1st quarter. Berkley W R Corp now owns 1,514,573 shares of the company’s stock worth $16,206,000 after buying an additional 302,899 shares during the last quarter. Wolverine Asset Management LLC grew its position in SilverBox Corp IV by 44.5% in the fourth 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 in the last quarter. Crossingbridge Advisors LLC bought a new position in SilverBox Corp IV in the fourth quarter valued at $6,741,000. Radcliffe Capital Management L.P. increased its stake in 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 valued at $2,406,000 after acquiring an additional 50,042 shares during the last quarter. Finally, Mangrove Partners IM LLC purchased a new stake in SilverBox Corp IV during the third quarter valued at about $1,640,000.

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.