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

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

FiscalNote Stock Down 6.6%

NOTE stock traded down $0.08 on Friday, hitting $1.07. 520,572 shares of the company’s stock were exchanged, compared to its average volume of 1,066,427. The firm has a 50 day moving average price of $1.39 and a two-hundred day moving average price of $3.06. FiscalNote has a 12-month low of $0.80 and a 12-month high of $15.00. The stock has a market cap of $16.73 million, a P/E ratio of -0.25 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.

Institutional Investors Weigh In On FiscalNote

Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Investments LP acquired a new position in shares of FiscalNote in the third quarter worth about $64,000. Raymond James Financial Inc. raised its holdings in FiscalNote by 4,900.0% in the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock worth $69,000 after purchasing an additional 14,700 shares during the period. Price T Rowe Associates Inc. MD purchased a new position in FiscalNote during the fourth quarter worth approximately $36,000. XTX Topco Ltd grew its holdings 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 purchasing an additional 20,166 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of FiscalNote by 51.5% during the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock valued at $52,000 after buying an additional 16,675 shares in the last quarter. Institutional investors and hedge funds own 54.31% of the company’s stock.

Analysts Set New Price Targets

NOTE has been the subject of several recent research reports. LADENBURG THALM/SH SH upgraded FiscalNote to a “strong-buy” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FiscalNote in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.25.

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.