Cadiz Inc. (NASDAQ:CDZIP) Short Interest Down 88.1% in October

Cadiz Inc. (NASDAQ:CDZIP) was the recipient of 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 days-to-cover ratio is currently 0.1 days.

Cadiz Stock Performance

Shares of NASDAQ:CDZIP traded up $0.05 during trading on Wednesday, hitting $16.20. The company’s stock had a trading volume of 42,345 shares, compared to its average volume of 6,880. The business has a 50 day moving average price of $15.30 and a two-hundred day moving average price of $14.86. Cadiz has a fifty-two week low of $11.50 and a fifty-two week high of $17.39.

Cadiz Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, October 4th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.20 annualized dividend and a yield of 13.58%.

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.