SilverBox Corp IV (NYSE:SBXD – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 615 shares, a drop of 88.4% from the July 30th total of 5,320 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 125,066 shares, the short-interest ratio is currently 0.0 days.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SilverBox Corp IV in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SilverBox Corp IV has a consensus rating of “Sell”.
Read Our Latest Report on SilverBox Corp IV
SilverBox Corp IV Trading Down 3.2%
SilverBox Corp IV (NYSE:SBXD – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.07 EPS for the quarter. The firm had revenue of $1.92 million during the quarter.
Institutional Investors Weigh In On SilverBox Corp IV
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rangeley Capital LLC acquired a new stake in shares of SilverBox Corp IV during the second quarter worth about $110,000. Schonfeld Strategic Advisors LLC acquired a new position in SilverBox Corp IV in the fourth quarter valued at $205,000. Citadel Advisors LLC acquired a new stake in shares of SilverBox Corp IV in the 3rd quarter worth $489,000. Lineage Point Capital LP acquired a new position in SilverBox Corp IV during the fourth quarter worth about $529,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of SilverBox Corp IV during the 2nd quarter valued at about $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.
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