Cadiz Inc. (NASDAQ:CDZIP) Sees Large Growth in Short Interest

Cadiz Inc. (NASDAQ:CDZIP) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 4,200 shares, an increase of 180.0% from the September 30th total of 1,500 shares. Based on an average daily trading volume, of 4,600 shares, the days-to-cover ratio is presently 0.9 days.

Cadiz Stock Performance

Shares of CDZIP traded up $0.14 during trading hours on Friday, hitting $15.10. 1,778 shares of the company were exchanged, compared to its average volume of 6,790. The firm has a fifty day simple moving average of $15.18 and a 200-day simple moving average of $14.54. Cadiz has a one year low of $11.50 and a one year high of $17.39.

Cadiz Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, October 4th were given a $0.55 dividend. The ex-dividend date was Friday, October 4th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.57%.

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.