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

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

Institutional Investors Weigh In On FiscalNote

Several hedge funds have recently bought and sold shares of NOTE. Two Sigma Investments LP bought a new position in FiscalNote during the third quarter valued at approximately $64,000. Raymond James Financial Inc. lifted its holdings 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 worth $69,000 after acquiring an additional 14,700 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of FiscalNote by 51.5% in the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock valued at $52,000 after purchasing an additional 16,675 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of FiscalNote by 25.2% during the 2nd quarter. International Assets Investment Management LLC now owns 158,835 shares of the company’s stock valued at $85,000 after purchasing an additional 32,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in FiscalNote by 8.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company’s stock worth $384,000 after purchasing an additional 35,984 shares during the period. 54.31% of the stock is currently owned by institutional investors.

Key Headlines Impacting FiscalNote

Here are the key news stories impacting FiscalNote this week:

• Neutral Sentiment: Northland sees losses narrowing after FY2026 — the firm projects FY2027 EPS of ($1.05), an improvement from its FY2026 forecast — which suggests a recovery path but still no near-term profitability. MarketBeat NOTE Coverage
• Negative Sentiment: Northland’s FY2026 forecast is much worse than consensus (Northland: ($1.52) vs. consensus ~($0.43)), implying deeper-than-expected losses that can pressure valuation and investor confidence. MarketBeat NOTE Coverage
• Negative Sentiment: The firm issued negative quarterly EPS forecasts across 2025–2027 (examples: Q4 2025 ($0.60), Q1 2026 ($0.44), Q2 2026 ($0.40), Q3 2026 ($0.36), Q4 2026 ($0.32)), signaling persistent quarterly losses through multiple periods — a continuing headwind for the share price until revenue/margin improvement becomes evident. MarketBeat NOTE Coverage
• Negative Sentiment: Northland also models an acute FY2025 loss (($4.67) per share), highlighting either one-time items or a weak baseline year that could complicate near-term comparables and investor sentiment. MarketBeat NOTE Coverage

Analyst Ratings Changes

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

FiscalNote Trading Down 2.2%

Shares of NOTE stock opened at $1.12 on Thursday. The company has a market capitalization of $17.52 million, a PE ratio of -0.26 and a beta of 0.62. FiscalNote has a 52-week low of $1.09 and a 52-week high of $24.36. The business’s fifty day moving average is $1.67 and its 200 day moving average is $3.88. 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 announced its earnings results on Thursday, November 6th. The company reported ($1.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.89). FiscalNote had a negative return on equity of 75.96% and a negative net margin of 54.31%.The business had revenue of $22.43 million during the quarter, compared to the consensus estimate of $22.83 million. On average, equities research analysts anticipate that FiscalNote will post -0.43 EPS for the current fiscal year.

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.