Short Interest in SilverBox Corp IV (NYSE:SBXD) Rises By 828.4%

SilverBox Corp IV (NYSE:SBXD) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 5,320 shares, a growth of 828.4% from the July 15th total of 573 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 32,370 shares, the short-interest ratio is presently 0.2 days.

SilverBox Corp IV Price Performance

Shares of SilverBox Corp IV stock traded up $0.01 on Wednesday, reaching $10.83. 18,632 shares of the company traded hands, compared to its average volume of 80,646. SilverBox Corp IV has a 52 week low of $10.35 and a 52 week high of $11.10. The firm has a market capitalization of $275.70 million, a PE ratio of 54.15 and a beta of 0.06. The company has a 50 day moving average of $10.82 and a 200 day moving average of $10.75.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SilverBox Corp IV in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SilverBox Corp IV currently has a consensus rating of “Sell”.

Institutional Trading of SilverBox Corp IV

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC boosted its stake in shares of SilverBox Corp IV by 44.5% in the fourth quarter. Wolverine Asset Management LLC now owns 972,109 shares of the company’s stock worth $10,285,000 after buying an additional 299,497 shares during the last quarter. Creek Drive Management Group LLC purchased a new stake in shares of SilverBox Corp IV in the 4th quarter valued at approximately $1,481,000. Berkley W R Corp increased its stake in SilverBox Corp IV by 25.0% during the first quarter. Berkley W R Corp now owns 1,514,573 shares of the company’s stock worth $16,206,000 after purchasing an additional 302,899 shares during the period. Radcliffe Capital Management L.P. raised its stake in shares of SilverBox Corp IV by 28.2% in the fourth quarter. Radcliffe Capital Management L.P. now owns 227,454 shares of the company’s stock valued at $2,406,000 after acquiring an additional 50,042 shares in the last quarter. Finally, Lineage Point Capital LP purchased a new position in SilverBox Corp IV in the fourth quarter worth approximately $529,000.

SilverBox Corp IV Company Profile

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.