SIM Acquisition Corp. I (NASDAQ:SIMA – Get Free Report)’s stock price traded down 4.7% on Tuesday . The company traded as low as $10.76 and last traded at $10.7110. 3,294 shares were traded during trading, a decline of 72% from the average session volume of 11,791 shares. The stock had previously closed at $11.24.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SIM Acquisition Corp. I in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
Check Out Our Latest Report on SIM Acquisition Corp. I
SIM Acquisition Corp. I Trading Down 1.1%
SIM Acquisition Corp. I (NASDAQ:SIMA – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported $0.07 EPS for the quarter.
Institutional Investors Weigh In On SIM Acquisition Corp. I
Institutional investors and hedge funds have recently bought and sold shares of the stock. Berkley W R Corp raised its stake in shares of SIM Acquisition Corp. I by 74.9% during the first quarter. Berkley W R Corp now owns 912,286 shares of the company’s stock worth $9,780,000 after acquiring an additional 390,768 shares in the last quarter. Wolverine Asset Management LLC raised its stake in shares of SIM Acquisition Corp. I by 1.2% during the fourth quarter. Wolverine Asset Management LLC now owns 732,459 shares of the company’s stock worth $7,757,000 after acquiring an additional 8,514 shares in the last quarter. Hudson Bay Capital Management LP raised its stake in shares of SIM Acquisition Corp. I by 101.0% during the third quarter. Hudson Bay Capital Management LP now owns 597,018 shares of the company’s stock worth $6,269,000 after acquiring an additional 300,000 shares in the last quarter. Radcliffe Capital Management L.P. raised its stake in shares of SIM Acquisition Corp. I by 5.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 536,322 shares of the company’s stock worth $5,680,000 after acquiring an additional 26,290 shares in the last quarter. Finally, DLD Asset Management LP bought a new position in shares of SIM Acquisition Corp. I in the first quarter worth approximately $5,375,000.
SIM Acquisition Corp. I Company Profile
SIM Acquisition Corp. I is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Since completing its initial public offering in March 2021, the company has focused on identifying targets in the technology, digital media, sports, entertainment and consumer sectors.
The proceeds from its IPO are held in a trust account pending shareholder approval of its initial business combination.
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