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

SilverBox Corp IV (NYSE:SBXD) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 291 shares, a growth of 100.7% from the April 30th total of 145 shares. Based on an average daily volume of 1,384 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On SilverBox Corp IV

Large investors have recently modified their holdings of the business. Rangeley Capital LLC purchased a new position in shares of SilverBox Corp IV in the second quarter worth about $110,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of SilverBox Corp IV in the fourth quarter worth about $205,000. Citadel Advisors LLC purchased a new position in shares of SilverBox Corp IV in the third quarter worth about $489,000. Lineage Point Capital LP purchased a new position in shares of SilverBox Corp IV in the fourth quarter worth about $529,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of SilverBox Corp IV in the second quarter worth about $603,000.

SilverBox Corp IV Stock Performance

Shares of SBXD stock opened at $10.80 on Wednesday. The firm 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 has a 52 week low of $10.35 and a 52 week high of $11.64. The firm’s 50-day simple moving average is $10.74 and its two-hundred day simple moving average is $10.65.

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 company had revenue of $1.87 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SilverBox Corp IV in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, SilverBox Corp IV has an average rating of “Sell”.

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.