Short Interest in Cadiz Inc. (NASDAQ:CDZIP) Decreases By 68.8%

Cadiz Inc. (NASDAQ:CDZIP) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 107 shares, a drop of 68.8% from the February 26th total of 343 shares. Based on an average daily trading volume, of 10,538 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 10,538 shares, the short-interest ratio is presently 0.0 days.

Cadiz Stock Down 0.9%

NASDAQ CDZIP opened at $19.31 on Wednesday. Cadiz has a 1 year low of $16.27 and a 1 year high of $20.20. The business’s fifty day moving average is $19.40 and its two-hundred day moving average is $19.45.

Cadiz Increases Dividend

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

Cadiz Company Profile

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.