Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 4,400 shares, a growth of 780.0% from the October 31st total of 500 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is currently 0.8 days.
Cadiz Trading Down 0.5 %
Shares of Cadiz stock opened at $16.91 on Thursday. Cadiz has a 1-year low of $11.50 and a 1-year high of $17.39. The company’s fifty day simple moving average is $15.52 and its 200-day simple moving average is $15.13.
Cadiz Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, October 4th were given a dividend of $0.55 per share. The ex-dividend date was Friday, October 4th. This represents a $2.20 annualized dividend and a yield of 13.01%.
About Cadiz
Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.
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