FiscalNote Holdings, Inc. (NYSE:NOTE) Short Interest Down 12.8% in January

FiscalNote Holdings, Inc. (NYSE:NOTE) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 8,480,000 shares, a decrease of 12.8% from the December 31st total of 9,720,000 shares. Currently, 7.3% of the shares of the company are sold short. Based on an average trading volume of 2,240,000 shares, the days-to-cover ratio is presently 3.8 days.

FiscalNote Price Performance

Shares of NOTE stock traded down $0.01 on Friday, hitting $1.26. 1,736,938 shares of the company’s stock were exchanged, compared to its average volume of 4,476,287. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $177.23 million, a P/E ratio of -5.70 and a beta of 0.38. FiscalNote has a 12 month low of $0.75 and a 12 month high of $2.27. The company has a 50 day moving average of $1.13 and a 200 day moving average of $1.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in shares of FiscalNote in the second quarter worth approximately $608,000. Squarepoint Ops LLC boosted its stake in shares of FiscalNote by 181.9% in the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock worth $218,000 after buying an additional 96,457 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of FiscalNote during the 2nd quarter worth $26,000. International Assets Investment Management LLC boosted its holdings in shares of FiscalNote by 35.1% in the 3rd quarter. International Assets Investment Management LLC now owns 134,656 shares of the company’s stock worth $172,000 after buying an additional 34,956 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in FiscalNote by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock valued at $725,000 after buying an additional 21,811 shares during the period. Institutional investors and hedge funds own 54.31% of the company’s stock.

Analysts Set New Price Targets

NOTE has been the subject of a number of recent analyst reports. EF Hutton Acquisition Co. I raised FiscalNote to a “strong-buy” rating in a report on Monday, October 28th. B. Riley lowered their target price on FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Finally, D. Boral Capital reiterated a “buy” rating and issued a $3.50 price objective on shares of FiscalNote in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $2.83.

FiscalNote Company Profile

FiscalNote Holdings, Inc operates as technology company North America, Europe, Australia, and Asia. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company also delivers that intelligence through its suite of public policy and issues management products, as well as powerful tools to manage workflows, advocacy campaigns, and constituent relationships.