Short Interest in Cadiz Inc. (NASDAQ:CDZIP) Declines By 31.7%

Cadiz Inc. (NASDAQ:CDZIP) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 1,117 shares, a decline 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 currently 0.1 days. Based on an average trading volume of 8,680 shares, the short-interest ratio is currently 0.1 days.

Cadiz Stock Down 0.1%

NASDAQ:CDZIP traded down $0.01 during midday trading on Monday, hitting $19.59. The company had a trading volume of 2,903 shares, compared to its average volume of 7,061. Cadiz has a 52-week low of $16.27 and a 52-week high of $20.20. The stock’s fifty day moving average price is $19.45 and its 200-day moving average price is $19.34.

Cadiz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, January 5th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date was Monday, January 5th.

About Cadiz

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.