Short Interest in SilverBox Corp IV (NYSE:SBXD) Decreases By 88.4%

Key Points

• Short interest plunged 88.4% to 615 shares as of August 14, down from 5,320 shares on July 30; short positions represented 0.0% of outstanding shares.
• SBXD shares fell 3.2% to $10.85, with trading volume well below average. SilverBox Corp IV reported quarterly earnings of $0.07 per share and revenue of $1.92 million.
• Analyst sentiment remains negative: Weiss Ratings reiterated a “sell” rating, and MarketBeat reports a consensus rating of “Sell.” Several institutional investors, including JPMorgan Chase and Citadel Advisors, recently acquired stakes.

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".

SilverBox Corp IV Trading Down 3.2%

NYSE:SBXD traded down $0.35 on Tuesday, hitting $10.85. The company's stock had a trading volume of 734 shares, compared to its average volume of 36,222. The stock has a fifty day moving average of $10.83 and a two-hundred day moving average of $10.76. The firm has a market capitalization of $69.62 million, a P/E ratio of 51.64 and a beta of 0.06. SilverBox Corp IV has a one year low of $10.41 and a one year high of $11.20.

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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