SIM Acquisition Corp. I (NASDAQ:SIMAW) Shares Shorted: Short Interest Down 38.4% in September

SIM Acquisition Corp. I (NASDAQ:SIMAW) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,445 shares, a decrease of 38.4% from the September 15th total of 2,346 shares. Based on an average daily trading volume, of 15,673 shares, the short-interest ratio is presently 0.1 days.

SIM Acquisition Corp. I Stock Up 0.1%

NASDAQ:SIMAW traded up $0.00 during mid-day trading on Friday, hitting $0.15. The stock had a trading volume of 901 shares, compared to its average volume of 36,581. SIM Acquisition Corp. I has a twelve month low of $0.13 and a twelve month high of $0.64. The stock has a 50-day simple moving average of $0.16 and a two-hundred day simple moving average of $0.21.

SIM Acquisition Corp. I is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Its potential transaction may take the form of a merger, acquisition, share exchange, reorganization, or similar corporate combination.

As a SPAC, SIM Acquisition Corp. I does not have significant operating activities, products, or services of its own. Instead, its primary business activities involve raising capital through a public offering, searching for a suitable acquisition target, and seeking shareholder approval for a proposed transaction.

The company’s securities trade on Nasdaq under separate symbols, including SIMAW for its warrants.