Short Interest in SilverBox Corp IV (NYSE:SBXD) Decreases By 42.1%

SilverBox Corp IV (NYSE:SBXD) was the recipient of a significant drop in short interest in 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 13,105 shares, the short-interest ratio is presently 0.0 days.

SilverBox Corp IV Trading Up 0.1%

NYSE:SBXD traded up $0.01 during midday trading on Thursday, hitting $10.82. 15,444 shares of the company traded hands, compared to its average volume of 31,708. The firm’s fifty day moving average is $10.79 and its 200-day moving average is $10.69. SilverBox Corp IV has a 12-month low of $10.35 and a 12-month high of $11.10. The firm has a market capitalization of $275.42 million, a P/E ratio of 54.10 and a beta of 0.06.

SilverBox Corp IV (NYSE:SBXD) last posted 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 Investors Weigh In On SilverBox Corp IV

Hedge funds and other institutional investors have recently modified their holdings of the business. Rangeley Capital LLC bought a new stake in shares of SilverBox Corp IV in the 2nd quarter valued at about $110,000. Schonfeld Strategic Advisors LLC bought a new position in shares of SilverBox Corp IV during the fourth quarter valued at approximately $205,000. Citadel Advisors LLC purchased a new position in SilverBox Corp IV during the third quarter valued at approximately $489,000. Lineage Point Capital LP bought a new position in SilverBox Corp IV in the fourth quarter worth approximately $529,000. Finally, JPMorgan Chase & Co. bought a new position in SilverBox Corp IV in the second quarter worth approximately $603,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SilverBox Corp IV in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus 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.