Cadiz Inc. (NASDAQ:CDZIP) Short Interest Update

Cadiz Inc. (NASDAQ:CDZIP) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 1,117 shares, a drop of 31.7% from the January 29th total of 1,636 shares. Based on an average trading volume of 8,680 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 8,680 shares, the short-interest ratio is presently 0.1 days.

Cadiz Price Performance

NASDAQ:CDZIP opened at $19.58 on Friday. The company’s 50 day moving average is $19.45 and its 200-day moving average is $19.33. Cadiz has a 12 month low of $16.27 and a 12 month high of $20.20.

Cadiz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $2.20 dividend on an annualized basis and a 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.