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

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

Cadiz Stock Performance

Shares of NASDAQ:CDZIP traded up $0.08 during trading on Wednesday, reaching $20.34. 902 shares of the company traded hands, compared to its average volume of 6,854. The business’s fifty day moving average is $19.57 and its 200-day moving average is $19.52. Cadiz has a 52-week low of $16.27 and a 52-week high of $21.15.

Cadiz Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were issued a dividend of $0.56 per share. The ex-dividend date was Thursday, April 2nd. This is a boost from Cadiz’s previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a dividend yield of 11.0%.

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.