Short Interest in Cadiz Inc. (NASDAQ:CDZI) Grows By 6.2%

Cadiz Inc. (NASDAQ:CDZI) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 5,280,000 shares, an increase of 6.2% from the December 31st total of 4,970,000 shares. Based on an average daily trading volume, of 493,200 shares, the days-to-cover ratio is currently 10.7 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cadiz to a “sell” rating in a report on Friday, November 15th.

Insider Buying and Selling at Cadiz

In related news, major shareholder International Group Se Heerema bought 2,070,000 shares of Cadiz stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average price of $3.34 per share, with a total value of $6,913,800.00. Following the purchase, the insider now owns 22,783,965 shares in the company, valued at $76,098,443.10. This represents a 9.99 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is owned by company insiders.

Institutional Trading of Cadiz

Hedge funds have recently modified their holdings of the business. B. Riley Financial Inc. lifted its stake in shares of Cadiz by 125.8% in the 3rd quarter. B. Riley Financial Inc. now owns 187,418 shares of the company’s stock valued at $568,000 after purchasing an additional 104,400 shares during the last quarter. HCR Wealth Advisors lifted its position in Cadiz by 24.3% in the third quarter. HCR Wealth Advisors now owns 455,921 shares of the company’s stock worth $1,381,000 after purchasing an additional 89,234 shares during the period. Equitec Proprietary Markets LLC raised its position in Cadiz by 71.4% in the fourth quarter. Equitec Proprietary Markets LLC now owns 142,574 shares of the company’s stock worth $741,000 after purchasing an additional 59,400 shares in the last quarter. GAM Holding AG boosted its stake in Cadiz by 100.0% in the 3rd quarter. GAM Holding AG now owns 100,000 shares of the company’s stock valued at $303,000 after buying an additional 50,000 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Cadiz by 315.6% during the 3rd quarter. Barclays PLC now owns 60,217 shares of the company’s stock valued at $183,000 after purchasing an additional 45,728 shares during the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Cadiz Stock Performance

CDZI stock traded up $0.10 on Monday, reaching $5.04. The company’s stock had a trading volume of 738,122 shares, compared to its average volume of 813,339. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87. Cadiz has a 52 week low of $2.12 and a 52 week high of $5.68. The firm has a fifty day moving average of $4.60 and a two-hundred day moving average of $3.70. The company has a market capitalization of $378.91 million, a P/E ratio of -9.88 and a beta of 0.91.

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.