SIM Acquisition Corp. I (NASDAQ:SIMA) Earns Sell (D) Rating from Weiss Ratings

SIM Acquisition Corp. I (NASDAQ:SIMA)‘s stock had its “sell (d)” rating reaffirmed by Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

SIM Acquisition Corp. I Trading Down 0.5%

Shares of SIMA stock opened at $10.53 on Friday. The stock has a fifty day simple moving average of $10.50 and a two-hundred day simple moving average of $10.42. SIM Acquisition Corp. I has a 52-week low of $9.97 and a 52-week high of $10.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC grew its holdings in SIM Acquisition Corp. I by 14.2% during the 1st quarter. Wolverine Asset Management LLC now owns 706,302 shares of the company’s stock valued at $7,218,000 after buying an additional 87,845 shares in the last quarter. Mizuho Securities USA LLC boosted its position in shares of SIM Acquisition Corp. I by 399.6% during the first quarter. Mizuho Securities USA LLC now owns 120,000 shares of the company’s stock worth $1,214,000 after acquiring an additional 95,983 shares during the last quarter. Westchester Capital Management LLC boosted its position in shares of SIM Acquisition Corp. I by 73.1% during the first quarter. Westchester Capital Management LLC now owns 1,125,000 shares of the company’s stock worth $11,531,000 after acquiring an additional 475,000 shares during the last quarter. Wealthspring Capital LLC grew its stake in SIM Acquisition Corp. I by 131.4% during the second quarter. Wealthspring Capital LLC now owns 631,296 shares of the company’s stock valued at $6,579,000 after acquiring an additional 358,526 shares in the last quarter. Finally, BCK Capital Management LP bought a new stake in SIM Acquisition Corp. I in the 2nd quarter valued at $521,000.

About SIM Acquisition Corp. I

SIM Acquisition Corp. I is a blank check company. It 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 primary focus on the healthcare industry. SIM Acquisition Corp.