FiscalNote Holdings, Inc. (NYSE:NOTE) Sees Significant Decrease in Short Interest

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

Wall Street Analyst Weigh In

Several brokerages recently commented on NOTE. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FiscalNote in a research note on Thursday, January 22nd. LADENBURG THALM/SH SH raised 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, one has issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, FiscalNote presently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Institutional Investors Weigh In On FiscalNote

Hedge funds and other institutional investors have recently bought and sold shares of the company. Focus Partners Wealth lifted its stake in FiscalNote by 830.9% in the 1st quarter. Focus Partners Wealth now owns 800,033 shares of the company’s stock valued at $647,000 after acquiring an additional 714,091 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of FiscalNote by 8.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company’s stock worth $384,000 after acquiring an additional 35,984 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of FiscalNote by 147.4% in the second quarter. Citizens Financial Group Inc. RI now owns 470,000 shares of the company’s stock valued at $252,000 after purchasing an additional 280,000 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of FiscalNote in the second quarter worth $232,000. Finally, NewEdge Advisors LLC lifted its position in shares of FiscalNote by 617.6% in the second quarter. NewEdge Advisors LLC now owns 268,094 shares of the company’s stock worth $144,000 after purchasing an additional 230,733 shares in the last quarter. Institutional investors and hedge funds own 54.31% of the company’s stock.

FiscalNote Trading Up 2.4%

Shares of NOTE traded up $0.02 during midday trading on Monday, hitting $0.99. The stock had a trading volume of 330,232 shares, compared to its average volume of 419,377. The company has a 50 day simple moving average of $1.26 and a two-hundred day simple moving average of $2.67. FiscalNote has a twelve month low of $0.80 and a twelve month high of $13.32. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.01 and a current ratio of 1.01.

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.