SIM Acquisition Corp. I (NASDAQ:SIMA) Releases Earnings Results

SIM Acquisition Corp. I (NASDAQ:SIMA) posted its earnings results on Friday. The company reported $0.07 EPS for the quarter, FiscalAI reports.

SIM Acquisition Corp. I Stock Down 1.6%

SIMA stock traded down $0.18 during trading on Friday, reaching $11.27. 9,139 shares of the company were exchanged, compared to its average volume of 11,032. SIM Acquisition Corp. I has a 52-week low of $10.10 and a 52-week high of $12.90. The stock’s 50 day moving average price is $10.78 and its 200 day moving average price is $10.67.

Institutional Trading of SIM Acquisition Corp. I

Several large investors have recently bought and sold shares of the company. Longfellow Investment Management Co. LLC purchased a new stake in shares of SIM Acquisition Corp. I in the third quarter valued at about $80,000. Citadel Advisors LLC lifted its position in shares of SIM Acquisition Corp. I by 22.4% in the third quarter. Citadel Advisors LLC now owns 15,460 shares of the company’s stock valued at $162,000 after acquiring an additional 2,826 shares in the last quarter. Sona Asset Management US LLC purchased a new stake in shares of SIM Acquisition Corp. I in the first quarter valued at $1,072,000. Shaolin Capital Management LLC purchased a new stake in shares of SIM Acquisition Corp. I in the second quarter valued at $1,042,000. Finally, Sculptor Capital LP purchased a new stake in shares of SIM Acquisition Corp. I in the second quarter valued at $1,826,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SIM Acquisition Corp. I in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.