Cadiz Inc. (NASDAQ:CDZIP) Short Interest Update

Cadiz Inc. (NASDAQ:CDZIP) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 2,900 shares, a decrease of 54.7% from the May 31st total of 6,400 shares. Based on an average daily volume of 8,500 shares, the short-interest ratio is presently 0.3 days.

Cadiz Price Performance

CDZIP traded up $0.06 on Friday, reaching $16.00. The stock had a trading volume of 8,032 shares, compared to its average volume of 8,029. The firm has a 50-day moving average of $13.43 and a 200-day moving average of $13.79. Cadiz has a fifty-two week low of $11.50 and a fifty-two week high of $17.39.

Cadiz Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, July 5th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 14.00%. The ex-dividend date of this dividend is Friday, July 5th. This is a positive change from Cadiz’s previous quarterly dividend of $0.55.

Cadiz Company Profile

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.