FiscalNote Holdings, Inc. (NYSE:NOTE) Short Interest Update

FiscalNote Holdings, Inc. (NYSE:NOTE) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 1,870,465 shares, a decline of 12.6% from the December 31st total of 2,140,933 shares. Currently, 18.8% of the company’s stock are sold short. Based on an average daily volume of 256,855 shares, the short-interest ratio is currently 7.3 days. Based on an average daily volume of 256,855 shares, the short-interest ratio is currently 7.3 days. Currently, 18.8% of the company’s stock are sold short.

FiscalNote Stock Up 5.0%

NOTE stock opened at $1.26 on Tuesday. The stock has a fifty day moving average of $1.72 and a 200-day moving average of $3.98. FiscalNote has a fifty-two week low of $1.17 and a fifty-two week high of $24.36. The company has a market capitalization of $19.79 million, a price-to-earnings ratio of -0.30 and a beta of 0.62. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.01 and a current ratio of 1.01.

FiscalNote (NYSE:NOTE) last released its quarterly earnings data on Thursday, November 6th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.89). The company had revenue of $22.43 million for the quarter, compared to the consensus estimate of $22.83 million. FiscalNote had a negative net margin of 54.31% and a negative return on equity of 75.96%. As a group, equities research analysts predict that FiscalNote will post -0.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on NOTE. LADENBURG THALM/SH SH raised shares of FiscalNote to a “strong-buy” rating in a report on Thursday, December 18th. Weiss Ratings restated a “sell (e+)” rating on shares of FiscalNote in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, FiscalNote has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

Institutional Investors Weigh In On FiscalNote

Hedge funds have recently made changes to their positions in the business. Focus Partners Wealth increased its holdings in shares of FiscalNote by 830.9% in the first quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock worth $647,000 after buying an additional 714,091 shares during the period. Marshall Wace LLP bought a new position in FiscalNote during the 2nd quarter worth approximately $232,000. Citizens Financial Group Inc. RI increased its stake in FiscalNote by 147.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 470,000 shares of the company’s stock worth $252,000 after purchasing an additional 280,000 shares during the period. NewEdge Advisors LLC lifted its position in FiscalNote by 617.6% in the second quarter. NewEdge Advisors LLC now owns 268,094 shares of the company’s stock valued at $144,000 after purchasing an additional 230,733 shares during the last quarter. Finally, Marex Group plc purchased a new stake in shares of FiscalNote during the second quarter valued at approximately $89,000. 54.31% of the stock is currently owned by institutional investors.

FiscalNote Company Profile

FiscalNote is a technology and data services company specializing in government and regulatory intelligence. Founded in 2013 by Timothy Hwang, Gerald Yao and Jonathan Chen, the company is headquartered in Washington, DC, with additional offices in New York, Brussels, London, Singapore and Hong Kong. FiscalNote went public in March 2021 through a special-purpose acquisition company (SPAC) merger and is listed on the New York Stock Exchange under the ticker NOTE.

The company’s flagship software-as-a-service platform aggregates legislative and regulatory data from jurisdictions around the world, combining that information with AI-driven analytics and expert commentary.