SilverBox Corp IV (NYSE:SBXD) Short Interest Update

SilverBox Corp IV (NYSE:SBXD) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 399 shares, a drop of 35.1% from the August 15th total of 615 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 747 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On SilverBox Corp IV

Several institutional investors have recently made changes to their positions in SBXD. SkyView Investment Advisors LLC acquired a new position in SilverBox Corp IV in the 2nd quarter valued at $1,940,000. Berkley W R Corp increased its position 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 purchasing an additional 302,899 shares during the period. Creek Drive Management Group LLC bought a new position in shares of SilverBox Corp IV in the fourth quarter worth $1,481,000. Lineage Point Capital LP bought a new position in shares of SilverBox Corp IV in the fourth quarter worth $529,000. Finally, Radcliffe Capital Management L.P. raised 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 purchasing an additional 50,042 shares in the last quarter.

Analysts Set New Price Targets

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

SilverBox Corp IV Stock Performance

NYSE:SBXD opened at $10.88 on Friday. SilverBox Corp IV has a 52 week low of $10.41 and a 52 week high of $11.20. The firm has a market cap of $69.82 million, a price-to-earnings ratio of 51.79 and a beta of 0.06. The firm’s 50-day simple moving average is $10.85 and its 200 day simple moving average is $10.79.

SilverBox Corp IV (NYSE:SBXD) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter. The business had revenue of $1.92 million during the quarter.

About SilverBox Corp IV

SilverBox Corp IV is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the ticker symbol SBXD. The company was formed to identify and complete a business combination with one or more private businesses, which could involve a merger, acquisition, stock purchase, reorganization or similar transaction.

As a SPAC, SilverBox Corp IV does not currently operate a conventional business or offer products and services to customers. Its activities are focused on raising capital, evaluating potential acquisition targets and seeking shareholder approval for a proposed transaction.

Publicly available information about the company’s specific target industries, operating geographies and leadership is limited.