Short Interest in Cadiz Inc. (NASDAQ:CDZIP) Declines By 69.3%

Cadiz Inc. (NASDAQ:CDZIP) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 343 shares, a decline of 69.3% from the February 12th total of 1,117 shares. Based on an average daily volume of 7,338 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 7,338 shares, the short-interest ratio is currently 0.0 days.

Cadiz Price Performance

NASDAQ:CDZIP opened at $19.29 on Wednesday. Cadiz has a fifty-two week low of $16.27 and a fifty-two week high of $20.20. The business has a 50 day moving average price of $19.45 and a 200-day moving average price of $19.41.

Cadiz Dividend Announcement

The company also recently declared 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 11.4%. 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.