Cadiz Inc. (NASDAQ:CDZIP) Sees Significant Drop in Short Interest

Cadiz Inc. (NASDAQ:CDZIP) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 500 shares, a drop of 88.1% from the October 15th total of 4,200 shares. Based on an average daily trading volume, of 4,500 shares, the short-interest ratio is currently 0.1 days.

Cadiz Stock Down 0.7 %

NASDAQ CDZIP traded down $0.12 during trading hours on Thursday, hitting $16.08. The company had a trading volume of 1,215 shares, compared to its average volume of 6,853. Cadiz has a 52 week low of $11.50 and a 52 week high of $17.39. The firm has a 50 day simple moving average of $15.32 and a 200 day simple moving average of $14.87.

Cadiz Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, October 4th were issued a $0.55 dividend. The ex-dividend date was Friday, October 4th. This represents a $2.20 dividend on an annualized basis and a yield of 13.68%.

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.