SilverBox Corp IV (NYSE:SBXD) Short Interest Update

SilverBox Corp IV (NYSE:SBXD) was the target of a significant drop in short interest during 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 short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On SilverBox Corp IV

Several institutional investors and hedge funds have recently bought and sold shares of the business. Berkley W R Corp grew its position in shares of SilverBox Corp IV by 607.8% in the 4th quarter. Berkley W R Corp now owns 1,211,674 shares of the company’s stock worth $12,820,000 after buying an additional 1,040,483 shares during the last quarter. Crossingbridge Advisors LLC bought a new position in shares of SilverBox Corp IV during the fourth quarter valued at approximately $6,741,000. Wolverine Asset Management LLC raised its holdings in shares of SilverBox Corp IV by 44.5% during the fourth quarter. Wolverine Asset Management LLC now owns 972,109 shares of the company’s stock valued at $10,285,000 after acquiring an additional 299,497 shares in the last quarter. Mangrove Partners IM LLC purchased a new stake in SilverBox Corp IV in the third quarter worth $1,640,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in SilverBox Corp IV in the second quarter worth $1,699,000.

Analysts Set New Price Targets

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

SilverBox Corp IV Price Performance

SBXD traded up $0.01 during trading on Wednesday, hitting $10.82. 16,092 shares of the stock traded hands, compared to its average volume of 31,326. The firm has a market capitalization of $275.39 million, a P/E ratio of 54.10 and a beta of 0.06. SilverBox Corp IV has a 12-month low of $10.35 and a 12-month high of $11.19. The firm has a 50-day moving average of $10.79 and a 200 day moving average of $10.69.

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

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.