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

FiscalNote Holdings, Inc. (NYSE:NOTE) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 2,863,207 shares, an increase of 48.6% from the January 29th total of 1,926,270 shares. Based on an average daily volume of 1,537,480 shares, the short-interest ratio is currently 1.9 days. Currently, 28.8% of the shares of the company are short sold. Currently, 28.8% of the shares of the company are short sold. Based on an average daily volume of 1,537,480 shares, the short-interest ratio is currently 1.9 days.

FiscalNote Price Performance

Shares of NYSE:NOTE traded up $0.03 during trading on Monday, reaching $1.10. 234,571 shares of the company traded hands, compared to its average volume of 1,073,729. The firm has a market capitalization of $17.28 million, a PE ratio of -0.26 and a beta of 0.62. FiscalNote has a 52 week low of $0.80 and a 52 week high of $14.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.66. The company’s 50 day moving average is $1.38 and its two-hundred day moving average is $3.02.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NOTE shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FiscalNote in a research report on Thursday, January 22nd. LADENBURG THALM/SH SH upgraded FiscalNote to a “strong-buy” rating in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, FiscalNote has a consensus rating of “Moderate Buy” and an average target price of $29.25.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NOTE. Price T Rowe Associates Inc. MD acquired a new position in shares of FiscalNote during the 4th quarter worth $36,000. XTX Topco Ltd boosted its position in FiscalNote by 131.4% in the fourth quarter. XTX Topco Ltd now owns 35,516 shares of the company’s stock valued at $52,000 after buying an additional 20,166 shares in the last quarter. Bank of America Corp DE grew its stake in shares of FiscalNote by 51.5% during the fourth quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock worth $52,000 after buying an additional 16,675 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of FiscalNote during the third quarter worth $64,000. Finally, Raymond James Financial Inc. lifted its stake in shares of FiscalNote by 4,900.0% in the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock valued at $69,000 after acquiring an additional 14,700 shares during the last quarter. 54.31% of the stock is 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.