SIM Acquisition Corp. I (NASDAQ:SIMA – Get Free Report) released its earnings results on Friday. The company reported $0.07 earnings per share (EPS) for the quarter, FiscalAI reports.
SIM Acquisition Corp. I Price Performance
SIMA traded down $0.18 during mid-day trading on Friday, reaching $11.27. 9,139 shares of the company traded hands, compared to its average volume of 11,032. The company’s fifty day moving average price is $10.78 and its 200-day moving average price is $10.67. SIM Acquisition Corp. I has a 52-week low of $10.10 and a 52-week high of $12.90.
Institutional Investors Weigh In On SIM Acquisition Corp. I
A number of hedge funds have recently added to or reduced their stakes in SIMA. Shaolin Capital Management LLC purchased a new stake in SIM Acquisition Corp. I during the 2nd quarter valued at $1,042,000. Hudson Bay Capital Management LP purchased a new stake in SIM Acquisition Corp. I during the 2nd quarter valued at $3,099,000. Radcliffe Capital Management L.P. purchased a new stake in SIM Acquisition Corp. I during the 2nd quarter valued at $2,820,000. Sculptor Capital LP purchased a new stake in SIM Acquisition Corp. I during the 2nd quarter valued at $1,826,000. Finally, Wolverine Asset Management LLC raised its stake in SIM Acquisition Corp. I by 83.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 723,945 shares of the company’s stock valued at $7,630,000 after buying an additional 328,929 shares during the last quarter.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on SIM Acquisition Corp. I
About SIM Acquisition Corp. I
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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