Cadiz Inc. (NASDAQ:CDZIP) Short Interest Down 74.3% in April

Cadiz Inc. (NASDAQ:CDZIP) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 900 shares, a drop of 74.3% from the March 31st total of 3,500 shares. Based on an average daily trading volume, of 6,400 shares, the days-to-cover ratio is presently 0.1 days.

Cadiz Trading Down 0.4 %

Shares of NASDAQ:CDZIP traded down $0.07 during trading hours on Monday, reaching $17.21. The stock had a trading volume of 458 shares, compared to its average volume of 8,651. The firm’s 50 day moving average is $18.19 and its 200-day moving average is $17.41. Cadiz has a 1 year low of $11.76 and a 1 year high of $19.79.

Cadiz Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, April 4th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 12.78%. The ex-dividend date of this dividend was Friday, April 4th.

About Cadiz

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.