SilverBox Corp IV (NYSE:SBXD) Sees Large Drop in Short Interest

Key Points

• Short interest in SilverBox Corp IV decreased by 73.0% in September, with a total of only 1,000 shares shorted as of the 30th.
• The stock's trading volume was low at 2,087 shares on Friday, compared to its average of 77,747 shares.
• Wall Street ratings are mixed, with one analyst upgrading it to a "hold" and another maintaining a "sell" rating, reflecting uncertainty about its performance.

SilverBox Corp IV (NYSE:SBXD - Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,000 shares, a decrease of 73.0% from the September 15th total of 3,700 shares. Based on an average trading volume of 74,600 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company's shares are short sold. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 74,600 shares, the days-to-cover ratio is currently 0.0 days.

SilverBox Corp IV Stock Up 0.0%

SilverBox Corp IV stock traded up $0.00 during trading on Friday, reaching $10.51. The stock had a trading volume of 2,087 shares, compared to its average volume of 77,747. SilverBox Corp IV has a 52-week low of $9.98 and a 52-week high of $11.64. The business has a 50 day moving average price of $10.48 and a 200 day moving average price of $10.52.

SilverBox Corp IV (NYSE:SBXD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.06 earnings per share for the quarter.

Institutional Trading of SilverBox Corp IV

Several large investors have recently modified their holdings of the business. Radcliffe Capital Management L.P. purchased a new stake in SilverBox Corp IV in the 2nd quarter worth approximately $1,699,000. Rangeley Capital LLC acquired a new position in shares of SilverBox Corp IV during the second quarter worth about $110,000. Massar Capital Management LP acquired a new stake in shares of SilverBox Corp IV during the second quarter valued at about $767,000. Federated Hermes Inc. acquired a new stake in SilverBox Corp IV in the second quarter valued at $1,081,000. Finally, JPMorgan Chase & Co. bought a new stake in SilverBox Corp IV in the second quarter valued at about $603,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SBXD. Wall Street Zen upgraded SilverBox Corp IV to a "hold" rating in a report on Friday, June 27th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SilverBox Corp IV in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".

SilverBox Corp IV Company Profile

Silverbox Corp. IV is a blank check company. It was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 16, 2024 and is headquartered in Austin, TX.

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.