Cadiz Inc. (NASDAQ:CDZIP – Get Rating) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 4,500 shares, an increase of 9.8% from the February 13th total of 4,100 shares. Based on an average trading volume of 3,200 shares, the days-to-cover ratio is presently 1.4 days.
Insider Activity at Cadiz
In other news, major shareholder International Group Se Heerema purchased 3,675,000 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was purchased at an average cost of $3.84 per share, with a total value of $14,112,000.00. Following the purchase, the insider now owns 20,513,965 shares in the company, valued at approximately $78,773,625.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 3,684,905 shares of company stock worth $14,137,616 in the last three months.
Cadiz Stock Performance
Cadiz stock opened at $15.35 on Wednesday. Cadiz has a 52 week low of $9.63 and a 52 week high of $18.31. The business has a 50-day simple moving average of $15.68.
Cadiz Increases Dividend
Cadiz Company Profile
Cadiz Inc, together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.
- Get a free copy of the StockNews.com research report on Cadiz (CDZIP)
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