FiscalNote Holdings, Inc. (NYSE:NOTE) Short Interest Down 22.8% in February

FiscalNote Holdings, Inc. (NYSE:NOTE) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 2,209,652 shares, a decline of 22.8% from the February 12th total of 2,863,207 shares. Currently, 22.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 677,753 shares, the short-interest ratio is currently 3.3 days. Based on an average daily trading volume, of 677,753 shares, the short-interest ratio is currently 3.3 days. Currently, 22.2% of the shares of the stock are short sold.

FiscalNote Trading Down 1.7%

Shares of NYSE:NOTE traded down $0.02 during trading on Tuesday, hitting $0.97. The company had a trading volume of 96,659 shares, compared to its average volume of 571,715. The stock has a market cap of $15.24 million, a price-to-earnings ratio of -0.23 and a beta of 0.62. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.01 and a quick ratio of 1.01. The company has a fifty day simple moving average of $1.26 and a two-hundred day simple moving average of $2.67. FiscalNote has a one year low of $0.80 and a one year high of $12.96.

Analyst Ratings Changes

Several equities analysts have weighed in on NOTE shares. Weiss Ratings restated a “sell (e+)” rating on shares of FiscalNote in a report on Thursday, January 22nd. LADENBURG THALM/SH SH upgraded FiscalNote to a “strong-buy” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, FiscalNote has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new position in FiscalNote during the fourth quarter valued at $36,000. XTX Topco Ltd lifted its holdings in shares of FiscalNote by 131.4% in the 4th quarter. XTX Topco Ltd now owns 35,516 shares of the company’s stock worth $52,000 after acquiring an additional 20,166 shares during the last quarter. Bank of America Corp DE boosted its stake 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 worth $52,000 after purchasing an additional 16,675 shares during the period. Two Sigma Investments LP bought a new position in FiscalNote during the 3rd quarter valued at about $64,000. Finally, Raymond James Financial Inc. grew its holdings in FiscalNote by 4,900.0% during the 3rd quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock valued at $69,000 after purchasing an additional 14,700 shares during the last quarter. 54.31% of the stock is owned by hedge funds and other institutional investors.

About FiscalNote

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.