SilverBox Corp IV (NYSE:SBXD) Short Interest Update

Key Points

• Short interest surged 828.4% in July to 5,320 shares from 573 shares, though just 0.0% of outstanding shares are short and the days-to-cover ratio remains low at 0.2 days.
• SBXD traded near $10.83, within its $10.35–$11.10 12-month range, while reporting quarterly earnings of $0.05 per share on $1.87 million in revenue.
• Analyst sentiment remains negative, with the stock carrying an average “Sell” rating. Meanwhile, several institutional investors—including Radcliffe Capital Management and Federated Hermes—opened new positions during the second quarter.

SilverBox Corp IV (NYSE:SBXD - Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 5,320 shares, an increase of 828.4% from the July 15th total of 573 shares. Based on an average daily trading volume, of 32,370 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company's shares are short sold.

SilverBox Corp IV Stock Performance

NYSE:SBXD traded up $0.01 during trading hours on Tuesday, hitting $10.83. 18,632 shares of the company's stock traded hands, compared to its average volume of 80,646. The stock's fifty day moving average price is $10.82 and its two-hundred day moving average price is $10.75. The firm has a market cap of $275.52 million, a P/E ratio of 54.13 and a beta of 0.06. SilverBox Corp IV has a twelve month low of $10.35 and a twelve month high of $11.10.

SilverBox Corp IV (NYSE:SBXD - Get Free Report) last released its earnings results on Friday, May 15th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $1.87 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d)" rating on shares of SilverBox Corp IV in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of "Sell".

Institutional Investors Weigh In On SilverBox Corp IV

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new stake in shares of SilverBox Corp IV during the 2nd quarter valued at $603,000. Federated Hermes Inc. purchased a new stake in shares of SilverBox Corp IV during the second quarter worth $1,081,000. Massar Capital Management LP acquired a new stake in SilverBox Corp IV during the second quarter valued at $767,000. Rangeley Capital LLC acquired a new stake in SilverBox Corp IV during the second quarter valued at $110,000. Finally, Radcliffe Capital Management L.P. purchased a new position in SilverBox Corp IV in the second quarter valued at about $1,699,000.

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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