Weiss Ratings Reiterates “Sell (D)” Rating for SIM Acquisition Corp. I (NASDAQ:SIMA)

SIM Acquisition Corp. I (NASDAQ:SIMA)‘s stock had its “sell (d)” rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

SIM Acquisition Corp. I Trading Down 0.3%

Shares of SIMA opened at $10.48 on Wednesday. The stock has a 50-day simple moving average of $10.47 and a 200-day simple moving average of $10.39. SIM Acquisition Corp. I has a 1 year low of $9.97 and a 1 year high of $10.64.

Hedge Funds Weigh In On SIM Acquisition Corp. I

Several hedge funds and other institutional investors have recently made changes to their positions in SIMA. BCK Capital Management LP acquired a new stake in shares of SIM Acquisition Corp. I during the 2nd quarter worth about $521,000. Wolverine Asset Management LLC raised its position in shares of SIM Acquisition Corp. I by 14.2% during the 1st quarter. Wolverine Asset Management LLC now owns 706,302 shares of the company’s stock worth $7,218,000 after acquiring an additional 87,845 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of SIM Acquisition Corp. I by 399.6% during the 1st quarter. Mizuho Securities USA LLC now owns 120,000 shares of the company’s stock worth $1,214,000 after acquiring an additional 95,983 shares in the last quarter. Berkley W R Corp raised its position in shares of SIM Acquisition Corp. I by 23.5% during the 2nd quarter. Berkley W R Corp now owns 521,518 shares of the company’s stock worth $5,435,000 after acquiring an additional 99,390 shares in the last quarter. Finally, Shaolin Capital Management LLC acquired a new stake in shares of SIM Acquisition Corp. I during the 2nd quarter worth about $1,042,000.

About SIM Acquisition Corp. I

SIM Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company primary focus on the healthcare industry. SIM Acquisition Corp.