Cadiz Inc. (NASDAQ:CDZIP) Short Interest Up 3,379.4% in March

Cadiz Inc. (NASDAQ:CDZIP) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 3,723 shares, a growth of 3,379.4% from the March 15th total of 107 shares. Based on an average daily volume of 4,308 shares, the short-interest ratio is currently 0.9 days.

Cadiz Stock Performance

Shares of NASDAQ CDZIP opened at $19.38 on Friday. Cadiz has a 52 week low of $16.27 and a 52 week high of $20.49. The stock’s fifty day moving average is $19.39 and its 200 day moving average is $19.47.

Cadiz Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd will be paid a $0.56 dividend. This is an increase from Cadiz’s previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Thursday, April 2nd.

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.