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

Cadiz Inc. (NASDAQ:CDZIP) saw a large 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 trading volume of 4,272 shares, the short-interest ratio is presently 1.0 days.

Cadiz Trading Down 3.1%

CDZIP traded down $0.65 during trading hours on Monday, hitting $20.26. The company’s stock had a trading volume of 7,866 shares, compared to its average volume of 6,950. The business’s 50-day moving average price is $19.51 and its 200-day moving average price is $19.50. Cadiz has a 12 month low of $16.27 and a 12 month high of $21.15.

Cadiz Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from Cadiz’s previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a yield of 11.1%.

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.