SIM Acquisition Corp. I (NASDAQ:SIMA – Get Free Report)’s share price was up 0.2% during mid-day trading on Monday . The company traded as high as $10.98 and last traded at $11.01. Approximately 1,566 shares changed hands during mid-day trading, an increase of 141% from the average session volume of 650 shares. The stock had previously closed at $10.99.
Analyst Ratings Changes
Separately, Weiss Ratings cut shares of SIM Acquisition Corp. I from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.
View Our Latest Research Report on SIMA
SIM Acquisition Corp. I Stock Performance
SIM Acquisition Corp. I (NASDAQ:SIMA – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SIMA. Berkley W R Corp raised its stake in SIM Acquisition Corp. I by 74.9% during the 1st 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 boosted its stake in SIM Acquisition Corp. I by 1.2% in the fourth quarter. Wolverine Asset Management LLC now owns 732,459 shares of the company’s stock valued at $7,757,000 after acquiring an additional 8,514 shares in the last quarter. Radcliffe Capital Management L.P. boosted its stake in SIM Acquisition Corp. I by 5.2% in the fourth quarter. Radcliffe Capital Management L.P. now owns 536,322 shares of the company’s stock valued at $5,680,000 after acquiring an additional 26,290 shares in the last quarter. DLD Asset Management LP purchased a new position in shares of SIM Acquisition Corp. I during the first quarter worth about $5,375,000. Finally, Hudson Bay Capital Management LP purchased a new position in shares of SIM Acquisition Corp. I during the second quarter worth about $3,099,000.
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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