SilverBox Corp IV (NYSE:SBXD) Short Interest Update

SilverBox Corp IV (NYSE:SBXD) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 5,320 shares, an increase of 828.4% from the July 15th total of 573 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 32,370 shares, the days-to-cover ratio is presently 0.2 days.

SilverBox Corp IV Price Performance

NYSE:SBXD traded up $0.01 during trading hours on Tuesday, reaching $10.83. The company’s stock had a trading volume of 18,632 shares, compared to its average volume of 80,646. The company has a market cap of $275.52 million, a price-to-earnings ratio of 54.13 and a beta of 0.06. SilverBox Corp IV has a one year low of $10.35 and a one year high of $11.10. The business’s 50-day moving average is $10.82 and its 200-day moving average is $10.75.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Rangeley Capital LLC bought a new stake in SilverBox Corp IV during the second quarter worth approximately $110,000. Schonfeld Strategic Advisors LLC bought a new position in shares of SilverBox Corp IV in the fourth quarter valued at approximately $205,000. Citadel Advisors LLC bought a new position in shares of SilverBox Corp IV in the third quarter valued at approximately $489,000. Lineage Point Capital LP acquired a new stake in shares of SilverBox Corp IV in the fourth quarter worth $529,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of SilverBox Corp IV in the second quarter worth $603,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, the stock presently 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.