Cadiz Inc. (NASDAQ:CDZIP) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 3,200 shares, a growth of 39.1% from the January 31st total of 2,300 shares. Based on an average daily trading volume, of 15,500 shares, the days-to-cover ratio is presently 0.2 days.

Cadiz Stock Down 0.4 %

Shares of NASDAQ:CDZIP traded down $0.07 on Tuesday, reaching $18.40. 6,517 shares of the company’s stock were exchanged, compared to its average volume of 13,617. The business’s 50-day moving average is $18.14 and its two-hundred day moving average is $16.60. Cadiz has a fifty-two week low of $11.50 and a fifty-two week high of $18.95.

Cadiz Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a dividend of $0.56 per share. This is a positive change from Cadiz’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.24 annualized dividend and a yield of 12.17%.

Cadiz Company Profile

(Get Free Report)

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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