SilverBox Corp III (NYSE:SBXC) Short Interest Down 56.8% in June

SilverBox Corp III (NYSE:SBXC) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 1,900 shares, a drop of 56.8% from the May 31st total of 4,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 43,300 shares, the short-interest ratio is presently 0.0 days.

SilverBox Corp III Stock Performance

SBXC traded down $0.01 during midday trading on Friday, reaching $10.60. The company’s stock had a trading volume of 3,686 shares, compared to its average volume of 40,817. The company has a fifty day simple moving average of $10.57 and a 200 day simple moving average of $10.49. SilverBox Corp III has a twelve month low of $10.10 and a twelve month high of $11.32.

Institutional Trading of SilverBox Corp III

Several institutional investors have recently modified their holdings of the company. Mizuho Securities USA LLC bought a new position in shares of SilverBox Corp III during the 1st quarter worth approximately $705,000. Bulldog Investors LLP lifted its position in shares of SilverBox Corp III by 31.4% during the 4th quarter. Bulldog Investors LLP now owns 194,353 shares of the company’s stock worth $2,004,000 after buying an additional 46,403 shares during the period. Finally, Deltec Asset Management LLC lifted its position in shares of SilverBox Corp III by 33.3% during the 4th quarter. Deltec Asset Management LLC now owns 200,000 shares of the company’s stock worth $2,068,000 after buying an additional 50,000 shares during the period. Institutional investors and hedge funds own 82.82% of the company’s stock.

SilverBox Corp III Company Profile

SilverBox Corp III does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on businesses in the consumer, food and agriculture, e-commerce, Internet and retail, financial services, financial technology, media, entertainment and hospitality, business services, software and SaaS, telecommunications services and technology, industrial technology, and infrastructure and energy transition sectors.