Short Interest in SIM Acquisition Corp. I (NASDAQ:SIMAW) Increases By 137.0%

SIM Acquisition Corp. I (NASDAQ:SIMAW) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 7,364 shares, an increase of 137.0% from the May 31st total of 3,107 shares. Based on an average trading volume of 91,564 shares, the days-to-cover ratio is presently 0.1 days.

SIM Acquisition Corp. I Trading Up 10.7%

Shares of SIM Acquisition Corp. I stock traded up $0.03 during midday trading on Monday, hitting $0.28. The stock has a 50 day simple moving average of $0.21 and a 200-day simple moving average of $0.27. SIM Acquisition Corp. I has a 52 week low of $0.13 and a 52 week high of $0.64.

SIM Acquisition Corp. I is a blank‐check company formed as a special purpose acquisition company (SPAC). Incorporated in Delaware, the company completed its initial public offering and commenced trading on the NASDAQ under the ticker symbol SIMAW.

The company’s sole business purpose is to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. To date, SIM Acquisition Corp. I has not announced any definitive acquisition targets or business combination agreements.

Proceeds from the company’s initial public offering are held in a trust account pending the completion of a business combination.