FiscalNote Holdings, Inc. (NYSE:NOTE) Short Interest Down 88.4% in August

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) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,790,000 shares, a decline of 88.4% from the August 15th total of 15,440,000 shares. Currently, 15.7% of the company's shares are sold short. Based on an average daily volume of 285,400 shares, the short-interest ratio is currently 6.3 days. Based on an average daily volume of 285,400 shares, the short-interest ratio is currently 6.3 days. Currently, 15.7% of the company's shares are sold short.

FiscalNote Stock Up 0.6%

Shares of FiscalNote stock traded up $0.03 on Thursday, hitting $5.11. The company had a trading volume of 219,313 shares, compared to its average volume of 249,745. The stock has a market capitalization of $73.28 million, a price-to-earnings ratio of -1.33 and a beta of 0.57. The stock has a 50 day moving average of $7.01 and a 200-day moving average of $8.32. FiscalNote has a 1 year low of $3.80 and a 1 year high of $24.36. 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 (NYSE:NOTE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.96) EPS for the quarter, beating analysts' consensus estimates of ($1.08) by $0.12. The business had revenue of $23.26 million during the quarter, compared to analyst estimates of $22.83 million. FiscalNote had a negative return on equity of 61.31% and a negative net margin of 41.79%. FiscalNote has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts forecast that FiscalNote will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

NOTE has been the topic of a number of research reports. D. Boral Capital reiterated a "buy" rating and set a $45.00 target price on shares of FiscalNote in a research report on Tuesday, August 12th. Wall Street Zen lowered FiscalNote from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $29.25.

Insider Activity

In other news, Director Tim Hwang sold 4,679 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $6.96, for a total value of $32,565.84. Following the transaction, the director owned 225,033 shares in the company, valued at approximately $1,566,229.68. The trade was a 2.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 37.20% of the company's stock.

Institutional Trading of FiscalNote

Institutional investors and hedge funds have recently modified their holdings of the business. Focus Partners Wealth increased its position in shares of FiscalNote by 830.9% during the 1st quarter. Focus Partners Wealth now owns 800,033 shares of the company's stock valued at $647,000 after purchasing an additional 714,091 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in FiscalNote by 17.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 670,060 shares of the company's stock worth $541,000 after buying an additional 99,115 shares during the last quarter. Northern Trust Corp increased its holdings in FiscalNote by 7.9% during the fourth quarter. Northern Trust Corp now owns 564,004 shares of the company's stock worth $603,000 after buying an additional 41,137 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in FiscalNote by 8.2% during the first quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company's stock worth $384,000 after buying an additional 35,984 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in FiscalNote by 147.4% during the second quarter. Citizens Financial Group Inc. RI now owns 470,000 shares of the company's stock worth $252,000 after buying an additional 280,000 shares during the last quarter. 54.31% of the stock is owned by hedge funds and other institutional investors.

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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