SilverBox Corp IV (NYSE:SBXD) Short Interest Update

SilverBox Corp IV (NYSE:SBXD) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 297 shares, a drop of 85.2% from the March 15th total of 2,011 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 7,686 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SBXD. JPMorgan Chase & Co. purchased a new stake in shares of SilverBox Corp IV during the 2nd quarter worth $603,000. Federated Hermes Inc. purchased a new stake in shares of SilverBox Corp IV during the 2nd quarter worth $1,081,000. Massar Capital Management LP purchased a new stake in shares of SilverBox Corp IV during the 2nd quarter worth $767,000. Rangeley Capital LLC purchased a new stake in shares of SilverBox Corp IV during the 2nd quarter worth $110,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in shares of SilverBox Corp IV during the 2nd quarter worth $1,699,000.

Analyst Ratings Changes

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

SilverBox Corp IV Trading Down 0.4%

Shares of SilverBox Corp IV stock traded down $0.04 on Friday, reaching $10.71. 304,486 shares of the stock were exchanged, compared to its average volume of 23,876. SilverBox Corp IV has a 1-year low of $10.20 and a 1-year high of $11.64. The business has a fifty day moving average price of $10.67 and a two-hundred day moving average price of $10.60. The firm has a market capitalization of $272.54 million, a PE ratio of 46.56 and a beta of 0.09.

SilverBox Corp IV (NYSE:SBXD) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $2.14 million for the quarter.

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.