Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 9,500 shares, a growth of 427.8% from the February 29th total of 1,800 shares. Based on an average daily trading volume, of 7,100 shares, the days-to-cover ratio is presently 1.3 days.
Cadiz Price Performance
CDZIP opened at $14.00 on Thursday. The stock’s 50-day moving average price is $13.90 and its 200 day moving average price is $14.70. Cadiz has a 12-month low of $12.75 and a 12-month high of $17.97.
Cadiz Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 15.71%. The ex-dividend date of this dividend is Wednesday, April 3rd.
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 Treatment Business segments. It offers clean water solutions, such as water supply, including for agriculture and off-property uses; and water storage, conveyance, and treatment solutions.
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