SilverBox Corp III (NYSE:SBXC) Short Interest Down 31.3% in April

SilverBox Corp III (NYSE:SBXC - Get Free Report) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 4,400 shares, a decline of 31.3% from the March 31st total of 6,400 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 50,000 shares, the short-interest ratio is presently 0.1 days.

SilverBox Corp III Stock Performance

Shares of SBXC remained flat at $10.55 during mid-day trading on Friday. The stock had a trading volume of 3,763 shares, compared to its average volume of 89,521. The firm's 50 day simple moving average is $10.49 and its 200-day simple moving average is $10.39. SilverBox Corp III has a 52 week low of $9.95 and a 52 week high of $11.32.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cowen AND Company LLC increased its stake in shares of SilverBox Corp III by 188.5% during the third quarter. Cowen AND Company LLC now owns 296,065 shares of the company's stock valued at $3,029,000 after acquiring an additional 193,430 shares during the period. Karpus Management Inc. acquired a new position in SilverBox Corp III in the third quarter worth approximately $4,475,000. Deltec Asset Management LLC grew its position in SilverBox Corp III by 33.3% in the fourth quarter. Deltec Asset Management LLC now owns 200,000 shares of the company's stock worth $2,068,000 after buying an additional 50,000 shares during the last quarter. Finally, Bulldog Investors LLP grew its position in SilverBox Corp III by 31.4% in the fourth quarter. Bulldog Investors LLP now owns 194,353 shares of the company's stock worth $2,004,000 after buying an additional 46,403 shares during the last quarter. Institutional investors and hedge funds own 82.82% of the company's stock.

About SilverBox Corp III

SilverBox Corp III does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on businesses in the consumer, food and agriculture, e-commerce, Internet and retail, financial services, financial technology, media, entertainment and hospitality, business services, software and SaaS, telecommunications services and technology, industrial technology, and infrastructure and energy transition sectors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.