Cadiz Inc. (NASDAQ:CDZIP) Short Interest Up 34.0% in January

Cadiz Inc. (NASDAQ:CDZIP) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 9,863 shares, an increase of 34.0% from the December 31st total of 7,360 shares. Based on an average daily trading volume, of 5,846 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 5,846 shares, the days-to-cover ratio is currently 1.7 days.

Cadiz Stock Up 0.2%

NASDAQ:CDZIP traded up $0.03 during midday trading on Friday, hitting $19.57. The company had a trading volume of 1,369 shares, compared to its average volume of 6,108. Cadiz has a 52-week low of $16.27 and a 52-week high of $20.20. The stock’s fifty day moving average price is $19.57 and its 200-day moving average price is $19.06.

Cadiz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, January 5th were given a dividend of $0.55 per share. The ex-dividend date was Monday, January 5th. This represents a $2.20 annualized dividend and a dividend yield of 11.2%.

Cadiz Company Profile

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.