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

Cadiz Inc. (NASDAQ:CDZIP) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 13,100 shares, an increase of 20.2% from the July 15th total of 10,900 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 1.7 days.

Cadiz Stock Down 1.3 %

CDZIP opened at $15.10 on Friday. The firm’s 50-day simple moving average is $15.41 and its 200-day simple moving average is $14.11. Cadiz has a twelve month low of $11.50 and a twelve month high of $17.39.

Cadiz Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, July 5th were given a dividend of $0.56 per share. This is an increase from Cadiz’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, July 5th. This represents a $2.24 annualized dividend and a yield of 14.83%.

About Cadiz

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.