Cadiz Inc. (NASDAQ:CDZIP) Short Interest Update

Cadiz Inc. (NASDAQ:CDZIP) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 1,636 shares, a decline of 83.4% from the January 15th total of 9,863 shares. Based on an average daily volume of 6,303 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 6,303 shares, the days-to-cover ratio is presently 0.3 days.

Cadiz Trading Up 0.2%

Cadiz stock traded up $0.04 during trading hours on Tuesday, reaching $19.00. 19,389 shares of the stock were exchanged, compared to its average volume of 7,392. Cadiz has a twelve month low of $16.27 and a twelve month high of $20.20. The stock has a 50 day moving average of $19.51 and a two-hundred day moving average of $19.16.

Cadiz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were paid a dividend of $0.55 per share. The ex-dividend date was Monday, January 5th. This represents a $2.20 annualized dividend and a yield of 11.6%.

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.