Short Interest in Cadiz Inc. (NASDAQ:CDZIP) Increases By 2,412.1%

Cadiz Inc. (NASDAQ:CDZIP) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 4,145 shares, a growth of 2,412.1% from the April 15th total of 165 shares. Based on an average daily volume of 4,272 shares, the short-interest ratio is currently 1.0 days.

Cadiz Trading Down 3.1%

CDZIP opened at $20.26 on Tuesday. The stock has a 50-day moving average price of $19.55 and a 200-day moving average price of $19.52. Cadiz has a 12-month low of $16.27 and a 12-month high of $21.15.

Cadiz Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd were given a dividend of $0.56 per share. The ex-dividend date was Thursday, April 2nd. This is an increase from Cadiz’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a yield of 11.1%.

About Cadiz

Cadiz, Inc (NASDAQ: CDZIP) is a land and water resource management company focused on developing sustainable water supply solutions in Southern California. The company holds approximately 36,000 acres of desert land in the Mojave Basin, where it has pursued the Cadiz Water Project—a plan to capture and convey groundwater to regional municipal and industrial customers. Cadiz oversees the permitting, design, and construction of conveyance infrastructure, including an engineered pipeline and pumping stations.

In addition to its water development activities, Cadiz operates agricultural ventures on its desert holdings, growing crops such as alfalfa while restoring degraded soils and maintaining native habitat.