SilverBox Corp IV (NYSE:SBXD) Short Interest Down 35.1% in August
by Scott Moore · The Cerbat GemSilverBox Corp IV (NYSE:SBXD – Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 399 shares, a decrease of 35.1% from the August 15th total of 615 shares. Based on an average trading volume of 747 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Creek Drive Management Group LLC acquired a new position in SilverBox Corp IV during the fourth quarter worth approximately $1,481,000. Berkley W R Corp boosted its holdings 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 valued at $16,206,000 after acquiring an additional 302,899 shares during the period. SkyView Investment Advisors LLC purchased a new position in shares of SilverBox Corp IV during the second quarter worth approximately $1,940,000. Radcliffe Capital Management L.P. grew its position in shares of SilverBox Corp IV by 28.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 227,454 shares of the company’s stock worth $2,406,000 after acquiring an additional 50,042 shares during the last quarter. Finally, Lineage Point Capital LP acquired a new position in shares of SilverBox Corp IV in the 4th quarter valued at $529,000.
Wall Street Analysts Forecast Growth
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, the stock currently has an average rating of “Sell”.
View Our Latest Research Report on SilverBox Corp IV
SilverBox Corp IV Trading Up 0.0%
NYSE:SBXD traded up $0.01 during midday trading on Thursday, hitting $10.88. 1,088 shares of the company were exchanged, compared to its average volume of 34,385. The company has a fifty day simple moving average of $10.84 and a 200 day simple moving average of $10.78. SilverBox Corp IV has a fifty-two week low of $10.41 and a fifty-two week high of $11.20. The company has a market capitalization of $69.82 million, a PE ratio of 51.79 and a beta of 0.06.
SilverBox Corp IV (NYSE:SBXD – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $1.92 million during the quarter.
SilverBox Corp IV Company Profile
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.