Cadiz Inc. (NASDAQ:CDZIP) Sees Significant Drop in Short Interest

Cadiz Inc. (NASDAQ:CDZIP) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 500 shares, a decline of 88.1% from the October 15th total of 4,200 shares. Based on an average trading volume of 4,500 shares, the short-interest ratio is currently 0.1 days.

Cadiz Stock Performance

Cadiz stock traded down $0.12 during trading hours on Thursday, reaching $16.08. 1,215 shares of the company’s stock traded hands, compared to its average volume of 6,853. Cadiz has a fifty-two week low of $11.50 and a fifty-two week high of $17.39. The firm’s 50 day moving average is $15.32 and its 200-day moving average is $14.87.

Cadiz Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, October 4th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.68%.

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.