Cadiz Inc. (NASDAQ:CDZIP) Short Interest Down 35.0% in August

Cadiz Inc. (NASDAQ:CDZIP) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 11,900 shares, a drop of 35.0% from the August 15th total of 18,300 shares. Based on an average daily trading volume, of 5,200 shares, the days-to-cover ratio is currently 2.3 days.

Cadiz Stock Performance

CDZIP remained flat at $15.09 during trading on Friday. 3,921 shares of the company traded hands, compared to its average volume of 7,121. Cadiz has a 52 week low of $11.50 and a 52 week high of $17.39. The stock has a 50-day moving average price of $15.41 and a 200-day moving average price of $14.30.

Cadiz Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, July 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 14.84%. This is a boost from Cadiz’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, July 5th.

Cadiz Company Profile

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.