Short Interest in Cadiz Inc. (NASDAQ:CDZIP) Declines By 69.3%

Cadiz Inc. (NASDAQ:CDZIP) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 343 shares, a decrease of 69.3% from the February 12th total of 1,117 shares. Based on an average trading volume of 7,338 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 7,338 shares, the short-interest ratio is presently 0.0 days.

Cadiz Trading Down 0.5%

Cadiz stock opened at $19.29 on Wednesday. Cadiz has a 1-year low of $16.27 and a 1-year high of $20.20. The firm has a 50-day moving average of $19.45 and a 200-day moving average of $19.41.

Cadiz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $2.20 dividend on an annualized basis and a yield of 11.4%.

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.