Cadiz Inc. (NASDAQ:CDZIP) Short Interest Update

Cadiz Inc. (NASDAQ:CDZIP) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 107 shares, a decrease of 68.8% from the February 26th total of 343 shares. Based on an average trading volume of 10,538 shares, the short-interest ratio is currently 0.0 days.

Cadiz Trading Down 1.1%

Shares of NASDAQ CDZIP traded down $0.21 during midday trading on Friday, hitting $19.40. 1,532 shares of the stock traded hands, compared to its average volume of 7,315. Cadiz has a one year low of $16.27 and a one year high of $20.20. The business has a 50 day moving average price of $19.40 and a two-hundred day moving average price of $19.45.

Cadiz Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, April 3rd will be paid a dividend of $0.56 per share. This is a boost from Cadiz’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, April 2nd. This represents a $2.24 dividend on an annualized basis and a yield of 11.5%.

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.