MMCAP International Inc. SPC Sells 1,000,000 Shares of SIM Acquisition Corp. I $SIMA

MMCAP International Inc. SPC lessened its holdings in SIM Acquisition Corp. I (NASDAQ:SIMA) by 50.5% during the second quarter, Holdings Channel.com reports. The firm owned 980,000 shares of the company’s stock after selling 1,000,000 shares during the quarter. SIM Acquisition Corp. I comprises about 1.4% of MMCAP International Inc. SPC’s portfolio, making the stock its 24th largest holding. MMCAP International Inc. SPC’s holdings in SIM Acquisition Corp. I were worth $10,214,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of SIMA. Westchester Capital Management LLC increased its stake in SIM Acquisition Corp. I by 73.1% during the 1st quarter. Westchester Capital Management LLC now owns 1,125,000 shares of the company’s stock valued at $11,531,000 after purchasing an additional 475,000 shares in the last quarter. Wealthspring Capital LLC lifted its stake in shares of SIM Acquisition Corp. I by 131.4% in the second quarter. Wealthspring Capital LLC now owns 631,296 shares of the company’s stock worth $6,579,000 after buying an additional 358,526 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in shares of SIM Acquisition Corp. I by 399.6% during the first quarter. Mizuho Securities USA LLC now owns 120,000 shares of the company’s stock valued at $1,214,000 after buying an additional 95,983 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of SIM Acquisition Corp. I by 14.2% during the first quarter. Wolverine Asset Management LLC now owns 706,302 shares of the company’s stock valued at $7,218,000 after buying an additional 87,845 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SIM Acquisition Corp. I in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

SIM Acquisition Corp. I Stock Performance

SIMA opened at $10.57 on Friday. The company’s 50-day simple moving average is $10.52 and its two-hundred day simple moving average is $10.44. SIM Acquisition Corp. I has a 52-week low of $9.98 and a 52-week high of $10.64.

SIM Acquisition Corp. I Profile

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.