Short Interest in SilverBox Corp IV (NYSE:SBXD) Increases By 109.1%

SilverBox Corp IV (NYSE:SBXD) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 573 shares, a growth of 109.1% from the June 30th total of 274 shares. Based on an average daily volume of 7,112 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

SilverBox Corp IV Stock Performance

SilverBox Corp IV stock remained flat at $10.84 during mid-day trading on Wednesday. 108,207 shares of the company’s stock traded hands, compared to its average volume of 11,986. The stock has a market cap of $275.88 million, a PE ratio of 54.20 and a beta of 0.06. The business has a 50 day moving average of $10.81 and a 200 day moving average of $10.73. SilverBox Corp IV has a 1-year low of $10.35 and a 1-year high of $11.10.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On SilverBox Corp IV

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rangeley Capital LLC bought a new stake in shares of SilverBox Corp IV in the second quarter worth about $110,000. Schonfeld Strategic Advisors LLC purchased a new stake in SilverBox Corp IV in the 4th quarter worth approximately $205,000. Citadel Advisors LLC purchased a new stake in SilverBox Corp IV in the 3rd quarter worth approximately $489,000. Lineage Point Capital LP bought a new stake in shares of SilverBox Corp IV in the 4th quarter worth approximately $529,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of SilverBox Corp IV during the second quarter valued at approximately $603,000.

About SilverBox Corp IV

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.