Short Interest in Cadiz Inc. (NASDAQ:CDZIP) Rises By 34.0%

Cadiz Inc. (NASDAQ:CDZIP) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 9,863 shares, a growth of 34.0% from the December 31st total of 7,360 shares. Based on an average trading volume of 5,846 shares, the days-to-cover ratio is currently 1.7 days. Based on an average trading volume of 5,846 shares, the days-to-cover ratio is currently 1.7 days.

Cadiz Price Performance

Shares of NASDAQ CDZIP traded up $0.03 during midday trading on Tuesday, reaching $19.57. 1,521 shares of the company traded hands, compared to its average volume of 5,782. The stock has a 50-day moving average price of $19.57 and a 200 day moving average price of $19.09. Cadiz has a 52 week low of $16.27 and a 52 week high of $20.20.

Cadiz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, January 5th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date was Monday, January 5th.

About Cadiz

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.