FiscalNote Holdings, Inc. (NYSE:NOTE – Get Free Report) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 8,480,000 shares, a decrease of 12.8% from the December 31st total of 9,720,000 shares. Currently, 7.3% of the company’s shares are short sold. Based on an average daily trading volume, of 2,240,000 shares, the short-interest ratio is presently 3.8 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in FiscalNote by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock valued at $1,986,000 after acquiring an additional 108,320 shares during the period. State Street Corp increased its stake in shares of FiscalNote by 1.4% during the third quarter. State Street Corp now owns 1,261,429 shares of the company’s stock worth $1,615,000 after buying an additional 17,624 shares during the period. Stonehill Capital Management LLC purchased a new position in FiscalNote in the third quarter worth approximately $995,000. Charles Schwab Investment Management Inc. grew its holdings in FiscalNote by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock worth $725,000 after acquiring an additional 21,811 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of FiscalNote in the 2nd quarter valued at approximately $608,000. Institutional investors and hedge funds own 54.31% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. D. Boral Capital restated a “buy” rating and set a $3.50 price objective on shares of FiscalNote in a report on Thursday, January 16th. EF Hutton Acquisition Co. I raised FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. Finally, B. Riley cut their target price on FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, FiscalNote currently has a consensus rating of “Buy” and a consensus target price of $2.83.
FiscalNote Price Performance
Shares of NYSE:NOTE traded down $0.01 during trading on Friday, reaching $1.26. The stock had a trading volume of 1,736,938 shares, compared to its average volume of 4,476,287. The business has a fifty day moving average price of $1.13 and a 200-day moving average price of $1.21. FiscalNote has a 1-year low of $0.75 and a 1-year high of $2.27. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $177.23 million, a PE ratio of -5.70 and a beta of 0.38.
FiscalNote Company Profile
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.
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