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

Key Points

• FiscalNote Holdings saw a significant decline in short interest by 88.4% in August, dropping from 15,440,000 shares to 1,790,000 shares.
• The company's stock price increased by 0.6%, closing at $5.11, with a market capitalization of $73.28 million.
• FiscalNote reported a quarterly earnings loss of ($0.96) EPS, beating analysts' expectations and showing revenue of $23.26 million.

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,790,000 shares, a drop of 88.4% from the August 15th total of 15,440,000 shares. Currently, 15.7% of the shares of the stock are short sold. Based on an average daily volume of 285,400 shares, the days-to-cover ratio is currently 6.3 days. Based on an average daily volume of 285,400 shares, the days-to-cover ratio is currently 6.3 days. Currently, 15.7% of the shares of the stock are short sold.

Insider Transactions at FiscalNote

In other news, Director Tim Hwang sold 4,679 shares of FiscalNote stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $6.96, for a total transaction of $32,565.84. Following the sale, the director owned 225,033 shares in the company, valued at $1,566,229.68. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 37.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. R Squared Ltd purchased a new position in FiscalNote during the 2nd quarter valued at $27,000. Wells Fargo & Company MN lifted its position in shares of FiscalNote by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock worth $31,000 after purchasing an additional 10,765 shares during the last quarter. Wolverine Trading LLC boosted its stake in shares of FiscalNote by 95.1% during the fourth quarter. Wolverine Trading LLC now owns 34,137 shares of the company's stock valued at $39,000 after purchasing an additional 16,637 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of FiscalNote in the first quarter worth about $40,000. Finally, Bank of America Corp DE increased its stake in FiscalNote by 51.5% in the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company's stock worth $52,000 after buying an additional 16,675 shares during the period. Institutional investors own 54.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen downgraded shares of FiscalNote from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. D. Boral Capital reissued a "buy" rating and set a $45.00 price target on shares of FiscalNote in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $29.25.

FiscalNote Trading Down 0.2%

NYSE NOTE traded down $0.01 on Tuesday, hitting $4.38. 116,834 shares of the stock were exchanged, compared to its average volume of 326,323. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.25. FiscalNote has a 52-week low of $3.80 and a 52-week high of $24.36. The firm has a market capitalization of $62.81 million, a P/E ratio of -1.14 and a beta of 0.57. The stock has a fifty day moving average price of $6.67 and a two-hundred day moving average price of $8.02.

FiscalNote (NYSE:NOTE - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.96) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.08) by $0.12. The firm had revenue of $23.26 million during the quarter, compared to analyst estimates of $22.83 million. FiscalNote had a negative net margin of 41.79% and a negative return on equity of 61.31%. FiscalNote has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts forecast that FiscalNote will post -0.43 EPS for the current fiscal year.

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.