Short Interest in SilverBox Corp IV (NYSE:SBXD) Drops By 85.2%

Key Points

• Short interest plunged 85.2% to 297 shares as of March 31, leaving the days-to-cover at 0.0 and effectively 0.0% of the stock shorted.
• Shares traded at $10.71 on Friday with volume of 304,486 — nearly ten times the average — giving SilverBox Corp IV a market cap of $272.54 million and a P/E of 46.56.
• Analyst sentiment is negative (Weiss Ratings reiterated a "Sell (d)" and MarketBeat shows an average "Sell"), while the company reported $0.06 EPS on $2.14M in quarterly revenue.

SilverBox Corp IV (NYSE:SBXD - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 297 shares, a decrease of 85.2% from the March 15th total of 2,011 shares. Based on an average daily trading volume, of 7,686 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are short sold.

SilverBox Corp IV Price Performance

NYSE SBXD traded down $0.04 during trading hours on Friday, hitting $10.71. The company's stock had a trading volume of 304,486 shares, compared to its average volume of 32,814. SilverBox Corp IV has a 12 month low of $10.20 and a 12 month high of $11.64. The company's 50 day simple moving average is $10.67 and its two-hundred day simple moving average is $10.59. The company has a market cap of $272.54 million, a P/E ratio of 46.56 and a beta of 0.09.

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

Analysts Set New Price Targets

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

Institutional Trading of SilverBox Corp IV

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rangeley Capital LLC purchased a new position in shares of SilverBox Corp IV during the 2nd quarter valued at about $110,000. Schonfeld Strategic Advisors LLC purchased a new stake in SilverBox Corp IV in the 4th quarter worth approximately $205,000. HRT Financial LP raised its stake in SilverBox Corp IV by 19.0% during the 4th quarter. HRT Financial LP now owns 139,195 shares of the company's stock worth $1,472,000 after acquiring an additional 22,196 shares during the period. Radcliffe Capital Management L.P. raised its stake in SilverBox Corp IV by 14.4% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 177,412 shares of the company's stock worth $1,858,000 after acquiring an additional 22,375 shares during the period. Finally, Citadel Advisors LLC bought a new stake in SilverBox Corp IV during the 3rd quarter worth approximately $489,000.

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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