Cadiz Inc. (NASDAQ:CDZIP) Short Interest Update

Cadiz Inc. (NASDAQ:CDZIP) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 7,360 shares, an increase of 67.2% from the December 15th total of 4,402 shares. Based on an average trading volume of 10,412 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 10,412 shares, the days-to-cover ratio is presently 0.7 days.

Cadiz Stock Up 0.1%

Shares of CDZIP stock opened at $19.58 on Friday. The firm’s 50-day moving average is $19.56 and its two-hundred day moving average is $18.89. Cadiz has a 12 month low of $16.27 and a 12 month high of $20.20.

Cadiz Dividend Announcement

The company also recently declared 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. This represents a $2.20 annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend was Monday, January 5th.

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.