SIM Acquisition Corp. I (NASDAQ:SIMAW) Short Interest Down 41.8% in August

SIM Acquisition Corp. I (NASDAQ:SIMAW) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,346 shares, a decrease of 41.8% from the August 15th total of 4,031 shares. Based on an average trading volume of 3,078 shares, the days-to-cover ratio is currently 0.8 days.

SIM Acquisition Corp. I Price Performance

Shares of NASDAQ SIMAW opened at $0.16 on Friday. SIM Acquisition Corp. I has a 12-month low of $0.13 and a 12-month high of $0.64. The stock’s 50 day simple moving average is $0.20 and its 200 day simple moving average is $0.23.

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.