SIM Acquisition Corp. I (NASDAQ:SIMA - Get Free Report) dropped 1.6% on Wednesday . The company traded as low as $10.90 and last traded at $11.02. Approximately 6,347 shares changed hands during mid-day trading, an increase of 135% from the average daily volume of 2,702 shares. The stock had previously closed at $11.20.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of SIM Acquisition Corp. I from a "sell (d)" rating to a "hold (c)" rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".
View Our Latest Report on SIMA
SIM Acquisition Corp. I Trading Down 1.6%
The business has a 50-day moving average price of $10.94 and a 200-day moving average price of $10.85.
SIM Acquisition Corp. I (NASDAQ:SIMA - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share for the quarter.
Institutional Trading of SIM Acquisition Corp. I
Large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC raised its position in SIM Acquisition Corp. I by 22.4% during the third quarter. Citadel Advisors LLC now owns 15,460 shares of the company's stock valued at $162,000 after buying an additional 2,826 shares during the period. Shaolin Capital Management LLC acquired a new position in shares of SIM Acquisition Corp. I during the 2nd quarter valued at about $1,042,000. Sona Asset Management US LLC acquired a new position in shares of SIM Acquisition Corp. I during the 1st quarter valued at about $1,072,000. Sculptor Capital LP bought a new position in shares of SIM Acquisition Corp. I in the 2nd quarter valued at approximately $1,826,000. Finally, L1 Global Manager Pty Ltd bought a new position in shares of SIM Acquisition Corp. I in the 4th quarter valued at approximately $2,118,000.
SIM Acquisition Corp. I Company Profile
(
Get Free Report)
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.
Further Reading
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