Short Interest in Cadiz Inc. (NASDAQ:CDZIP) Increases By 25.0%

Cadiz Inc. (NASDAQ:CDZIP) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 3,500 shares, an increase of 25.0% from the March 15th total of 2,800 shares. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is presently 0.4 days.

Cadiz Stock Down 2.3 %

NASDAQ:CDZIP traded down $0.40 during trading hours on Monday, reaching $16.85. 5,699 shares of the company traded hands, compared to its average volume of 8,550. The business’s 50-day moving average price is $18.36 and its two-hundred day moving average price is $17.34. Cadiz has a 1 year low of $11.62 and a 1 year high of $19.79.

Cadiz Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, April 4th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 13.06%. The ex-dividend date was Friday, April 4th.

Cadiz Company Profile

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.