Short Interest in Cadiz Inc. (NASDAQ:CDZIP) Grows By 180.0%

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 Price Performance

CDZIP stock opened at $15.10 on Monday. Cadiz has a 1-year low of $11.50 and a 1-year high of $17.39. The business’s 50 day simple moving average is $15.18 and its 200 day simple moving average is $14.55.

Cadiz Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, October 4th were issued a $0.55 dividend. The ex-dividend date was Friday, October 4th. This represents a $2.20 annualized dividend 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.