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

SilverBox Corp IV (NYSE:SBXD) saw a large increase in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,384 shares, the days-to-cover ratio is presently 0.2 days.

SilverBox Corp IV Price Performance

SBXD stock traded up $0.02 during trading on Tuesday, hitting $10.80. 523 shares of the stock traded hands, compared to its average volume of 3,490. SilverBox Corp IV has a 1 year low of $10.35 and a 1 year high of $11.64. The firm’s 50 day moving average is $10.74 and its two-hundred day moving average is $10.65. The stock has a market cap of $274.73 million, a price-to-earnings ratio of 53.98 and a beta of 0.06.

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

Institutional Trading of SilverBox Corp IV

Several institutional investors have recently bought and sold shares of the company. Rangeley Capital LLC purchased a new stake in SilverBox Corp IV during the 2nd quarter valued at about $110,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of SilverBox Corp IV during the 4th quarter valued at about $205,000. HRT Financial LP boosted its holdings in shares of SilverBox Corp IV by 19.0% during the 4th quarter. HRT Financial LP now owns 139,195 shares of the company’s stock valued at $1,472,000 after acquiring an additional 22,196 shares during the last quarter. Radcliffe Capital Management L.P. boosted its holdings in shares of SilverBox Corp IV by 14.4% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 177,412 shares of the company’s stock valued at $1,858,000 after acquiring an additional 22,375 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of SilverBox Corp IV during the 3rd quarter valued at about $489,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SilverBox Corp IV in a research note on Friday, March 27th. One research 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 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.