Short Interest in Cadiz Inc. (NASDAQ:CDZIP) Grows By 1,128.1%

Cadiz Inc. (NASDAQ:CDZIP) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 47,848 shares, an increase of 1,128.1% from the May 31st total of 3,896 shares. Based on an average daily volume of 10,300 shares, the short-interest ratio is currently 4.6 days.

Cadiz Trading Down 0.0%

Shares of CDZIP stock opened at $22.88 on Friday. Cadiz has a fifty-two week low of $16.90 and a fifty-two week high of $24.78. The business’s 50 day moving average price is $21.22 and its 200-day moving average price is $20.08.

Cadiz Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.20 annualized dividend and a yield of 9.6%.

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.