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

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Stonehill Capital Management LLC purchased a new position in shares of FiscalNote in the 3rd quarter worth about $995,000. Marshall Wace LLP bought a new stake in FiscalNote during the 2nd quarter valued at about $608,000. Geode Capital Management LLC raised its holdings in FiscalNote by 7.5% in the third quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company's stock worth $1,986,000 after buying an additional 108,320 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of FiscalNote by 181.9% in the second quarter. Squarepoint Ops LLC now owns 149,490 shares of the company's stock worth $218,000 after buying an additional 96,457 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of FiscalNote by 318.2% during the third quarter. Barclays PLC now owns 86,286 shares of the company's stock valued at $110,000 after buying an additional 65,655 shares during the last quarter. 54.31% of the stock is owned by hedge funds and other institutional investors.

FiscalNote Trading Up 3.5 %

Shares of NYSE:NOTE traded up $0.05 on Wednesday, hitting $1.33. The company had a trading volume of 2,262,380 shares, compared to its average volume of 4,395,448. FiscalNote has a 1 year low of $0.75 and a 1 year high of $2.27. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. The firm's 50-day simple moving average is $1.15 and its two-hundred day simple moving average is $1.18. The firm has a market capitalization of $187.12 million, a price-to-earnings ratio of -6.02 and a beta of 0.41.

Analysts Set New Price Targets

NOTE has been the subject of several research analyst reports. D. Boral Capital reissued a "buy" rating and set a $3.50 price objective on shares of FiscalNote in a research note on Thursday, January 16th. EF Hutton Acquisition Co. I raised FiscalNote to a "strong-buy" rating in a report on Monday, October 28th. Finally, B. Riley lowered their target price on shares of FiscalNote from $2.00 to $1.75 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $2.83.

About FiscalNote

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.