Cadiz Inc. (NASDAQ:CDZIP) Sees Large Growth in Short Interest

Cadiz Inc. (NASDAQ:CDZIP) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 7,360 shares, a growth of 67.2% from the December 15th total of 4,402 shares. Based on an average trading volume of 10,412 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 10,412 shares, the short-interest ratio is currently 0.7 days.

Cadiz Trading Up 0.1%

CDZIP stock opened at $19.58 on Friday. The firm has a 50 day moving average price of $19.56 and a 200-day moving average price of $18.90. Cadiz has a 52-week low of $16.27 and a 52-week high of $20.20.

Cadiz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend was Monday, January 5th.

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.