SilverBox Corp IV (NYSE:SBXD) Short Interest Down 35.1% in August

Key Points

• Short interest fell 35.1% in August to 399 shares, representing approximately 0.0% of SilverBox Corp IV’s outstanding stock and a days-to-cover ratio of 0.5.
• Several institutional investors increased or initiated positions, including Berkley W R Corp, which raised its holdings by 25.0% to 1.51 million shares, and Radcliffe Capital Management, which increased its position by 28.2%.
• Market sentiment remains negative: Weiss Ratings reiterated a “sell” rating, and the stock traded near $10.88. SilverBox Corp IV reported quarterly EPS of $0.07 and revenue of $1.92 million.

SilverBox 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".

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.

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